Budget and Tax
Friday, March 23, 2007It's Good to Be ConnectedLocal "Development" Projects Benefit Private Parties at Public Expense Filed As: Budget and TaxHigh are the list of attitudes that lead to bad government is the desire to "do something." At the local level, this sometimes works itself out in economic development projects. There's nothing wrong and plenty right with new jobs, new businesses, and new options for buying and selling ... more »»
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Wednesday, March 21, 2007Will the Last One in Michigan Turn Out the Lights?Filed As: Budget and TaxIt's a simple principle of economics: if you want less of something, you tax it more. So does the governor of Michigan want to accelerate the movement of people out of the Wolverine state? Michigan has been a "leader" in economic stagnation. In the words of Dana Johnson, chief ... more »»
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Wednesday, March 14, 2007The Cigarette Tax: No "Easy Money"Filed As: Budget and TaxIf people find it so hard to stop smoking, does that mean that hiking the cigarette tax is a quick way for states to raise money? Not quite, says the Maine Heritage Policy Center. Gov. John E. Baldacci of Maine hopes to raise $66 million for the general fund by increasing the state's cigarette ... more »»
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Tuesday, March 13, 2007State Budgets Inspired by MythsFiled As: Budget and Tax, Education (k-12), Health Care, TransportationBudgets are reflections of priorities, and in the world of public finance, a collective statement of how we think the world works. According to the Yankee Institute for Public Policy, the budget proposal of Governor M. Jodi Rell is based on a number of myths. Here's a summary from the ... more »»
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Monday, February 26, 2007If you want fewer jobs, tax incomeFiled As: Budget and Tax, EmploymentIf you want fewer jobs, tax income.That's one lesson that might be drawn from a research notes from the Arkansas Policy Foundation . In a short publication released this month, the Foundation compares the states on their record of job growth in ... more »»
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Monday, March 5, 2007Welfare for ArtistsFiled As: Budget and TaxThe Baltimore Sun reports on a move in the city to promote welfare, call it mandated employment if you will, for artists. "City officials hope to add to the conspicuous and sometimes not-so-conspicuous structures with a proposal that would require all publicly funded city construction projects ... more »»
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Friday, March 2, 2007Public Pensions Present a PickleFiled As: Budget and TaxIt's a classic problem in public choice: should a politician do what's right in the long run but costly now, or do what is expedient and get the applause from a vocal minority? While some wags dismiss USA Today as the "McPaper," its longer reports can be rather good. Such was the ... more »»
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Wednesday, February 28, 2007Pension Plan BluesFiled As: Budget and TaxLike credit card interest on purchase made long ago, unfunded pension liabilities for government employees will haunt taxpayers for years to come. Politicians find it easy to gain favor with public employees by promising plump retirement benefits. The benefits are real compensation for employees, ... more »»
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Tuesday, February 27, 2007Retrogression in TaxesFiled As: Budget and TaxA tax should be fair, easy to understand, and not be prone to boom-and-bust cycles. So why is the gross receipts tax making a comeback in the states?The gross receipts tax (GRT) goes by various names. In its various forms, the tax is applied to a businesses' revenue rather than its profits. ... more »»
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Monday, February 19, 2007Addicted to Crack Tax Secrecy in TennesseeFiled As: Budget and Tax, GeneralBe forewarned: The Tennessee Center for Policy Research is "not a legitimate group" -- so says that state's revenue department. It's in a huff because it doesn't want to give TCPR operating budget information about the ... more »»
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