Good news: Wisconsin appears to be gearing up for serious income tax reform. Bad news: the legislator heading up the effort is a flat tax proponent.
Illinois Governor Quinn began the legislative session in February proposing a variety of loopholes be closed, but the budget he signed on June 30 didn’t close those loopholes.
Think state budgets don’t have an impact on what services localities can provide? Read this article about eight South Carolina school districts facing cuts.
Millionaires don’t flee taxes. With help from ITEP, the millionaire migration myth takes a hit in this Baltimore Sun letter to the editor.
Illinois’ pension system is in crisis. This insightful column by the Center for Tax and Budget Accountability’s Ralph Martire argues that the state’s tax policy is at least partially to blame: “For decades, Illinois’ antiquated, poorly designed tax policy created an ongoing structural deficit.”