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California's Proposition 26 and a Little Less Glimmer on the Golden State

By Antero Rivasplata Get expert insight on California's recent voter-approved Proposition 26, which restricts the levy of regulatory fees in California. The article discusses taxes and regulatory fees in California, the impetus behind Prop 26, and expected results. The article appears as the...

U.K. Road to Competitiveness Is Paved With Tax Increases

It has been the stated policy of the United Kingdom's Conservative-led coalition government "to create the most competitive corporate tax regime in the G20." Chancellor of the Exchequer George Osborne reiterated this policy -- expanded to include all noncorporate business -- in his 2012...

Are You Ready for Taxmageddon?

A combination of spending cuts and tax increases could bring the economy to its knees at the end of 2012. By our count, the economy must deal with nine significant fiscal events that will be automatically triggered by current law if Congress and the president take no action. Together these events create...

State Net Capitol Journal – June 11, 2012

Budget & Taxes NC AGENCY LIFELINE FOR LOCAL GOVERNMENTS: North Carolina has the fourth highest state unemployment rate in the nation, according to the Bureau of Labor Statistics' April rankings. But unlike other states with job markets that are in particularly bad shape - especially, Nevada...

State Net Capitol Journal – June 11, 2012

Budget & Taxes NC AGENCY LIFELINE FOR LOCAL GOVERNMENTS: North Carolina has the fourth highest state unemployment rate in the nation, according to the Bureau of Labor Statistics' April rankings. But unlike other states with job markets that are in particularly bad shape - especially, Nevada...

State Net Capitol Journal – July 16, 2012

Budget & Taxes POLITICAL DIVIDE ON ECONOMIC RECOVERY: States finally emerging from the long economic downturn are now faced with the dilemma of deciding the best way to facilitate their recovery. Two states in particular are taking approaches that couldn't be more different. Maryland...

State Net Capitol Journal – July 16, 2012

Budget & Taxes POLITICAL DIVIDE ON ECONOMIC RECOVERY: States finally emerging from the long economic downturn are now faced with the dilemma of deciding the best way to facilitate their recovery. Two states in particular are taking approaches that couldn't be more different. Maryland...

Free the Puppies, Tax a Millionaire

When I was a progressively minded editorial writer, I was never opposed to higher income taxes. I come from a long line of Brunoris who knew neither terrible poverty nor great wealth. It was easy to shrug off attempts to tax people who were better off than I am. But now I'm convinced that calls for...

President Romney's Tax Reform

If elected president, Mitt Romney will have to make some adjustments to his tax plan. For now he is saying that he wants to lower rates across the board by 20 percent and entirely offset the cost by scaling back tax expenditures unrelated to investment income. He wants his plan to be distributionally...

State Net Capitol Journal – October 1, 2012

Budget & Taxes NATION NEARING SEQUESTRATION CLIFF: The automatic federal budget cuts that were part of the 11th-hour debt-ceiling deal Congress reached in August of last year - cuts no one really wants - are set to take effect in a few months. And officials at every level of government are...

State Net Capitol Journal – October 1, 2012

Budget & Taxes NATION NEARING SEQUESTRATION CLIFF: The automatic federal budget cuts that were part of the 11th-hour debt-ceiling deal Congress reached in August of last year - cuts no one really wants - are set to take effect in a few months. And officials at every level of government are anxious...

The Rich Will Pay for Our Sins

More and more Republicans in Congress are distancing themselves from their promise never to raise taxes. In fact, it's been "Throw Grover Under the Bus Week" in Washington. I am no fan of the pledge never to raise taxes. It's not that I have a philosophical desire for higher taxes...

State Net Capitol Journal – February 4, 2012

Budget & Taxes TAX TALK ABOUNDS IN STATES: Last month, Louisiana Gov. Bobby Jindal (R) proposed doing something no state has done for over three decades: eliminating income taxes. (The last to do so was Alaska, which abolished its personal income tax in 1980.) Several other Republican governors...

State Net Capitol Journal – February 4, 2013

Budget & Taxes TAX TALK ABOUNDS IN STATES: Last month, Louisiana Gov. Bobby Jindal (R) proposed doing something no state has done for over three decades: eliminating income taxes. (The last to do so was Alaska, which abolished its personal income tax in 1980.) Several other Republican governors...

Hurricane Sandy-Stricken Shore Towns Avoid Big Tax Hikes - For Now

One of the many fears created by last year's Superstorm Sandy was that it would cause so much property damage in coastal towns of New Jersey, New York and Connecticut that they would have to impose huge tax increases on surviving structures to make up the difference. But thanks largely to the more...

State Net Capitol Journal – May 11, 2015; Budget Surplus In California

Budget & Taxes Budget Surplus Surge In CA With the state’s economy continuing to improve, California lawmakers were expecting a budget surplus this year of about $2 billion. But last week Assembly Speaker Toni Atkins (D) announced that the projected surplus had surged by as much as $8...