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Nation/Finance
Michigan Business Tax Cuts Pass But Falter Elsewhere
Pamela M. Prah (Stateline)
Thursday, 02 June 2011
Lansing, MI, VA, USA. Republican governors are trying to make good on their promises to cut corporate taxes, but some are finding a bit more resistance than they may have expected.

Tom Little, who owns the Kalamazoo branch of the ServiceMaster cleaning business, says a sweeping corporate tax cut the state of Michigan just enacted will be a big help for his company.


Matt McKillop (Stateline)
Friday, 03 June 2011
Columbia, SC, USA. A war among giant retailers that animated South Carolina politics the past few months has tipped in the direction of one of the most aggressive competitors: Amazon.com.

Despite determined opposition from big retail chains and most of the state’s business establishment, a huge tax exemption for the on-line company is moving forward.

Josh Goodman (Stateline)
Monday, 23 May 2011
Washington, DC, USA. State leaders love to make promises about healing a sick economy. Often, though, economic success depends on factors far beyond their influence.

California, Florida, Illinois, New York and Texas elected five very different governors last fall, but they all agreed on one thing: their capacity to solve their states’ problems.

Christine Vestal (Stateline)
Saturday, 21 May 2011
Tallahassee, FL, USA.Florida is banking on an expected influx of retiring baby boomers to buy up the state's glut of empty housing and get an old formula for the state's fiscal health working again.

When you count all the foreclosed homes in Florida, and add in those that were built before the recession but never sold, what you find can be hard to believe: One in five houses in Florida is sitting empty.

Daniel C. Vock (Stateline)
Friday, 20 May 2011
Springfield, IL, USA. The nation’s fifth-largest state has to face up to the budgetary mess it created. Its leaders finally seem willing to get started. They can’t take forever.

The Illinois General Assembly has given itself five years to fix the state’s dismal fiscal situation. It will be a painful five years. The countdown is timed to new personal and corporate income taxes approved by lawmakers this January.

Josh Goodman (Stateline)
Thursday, 19 May 2011
Albany, NY, USA. Governor Andrew Cuomo not only got New York's legislature to pass its budget on time but also changed spending assumptions in ways that nudge the budget closer to long-term structural balance.

Populist outrage at the big bonuses paid by Wall Street firms has mostly melted away since the peak of the financial crisis. But New York State will be feeling the effects of the bonus backlash for a long, long time.

John Gramlich (Stateline)
Wednesday, 18 May 2011
David Harrison (Stateline)
Tuesday, 17 May 2011
John Gramlich (Stateline)
Saturday, 14 May 2011
Juneau, AK, USA. Alaska lawmakers, like their counterparts in other state capitals, have spent a lot of time this year bickering over the budget. Alaska lawmakers face an enviable predicament: what to do with a gusher of oil revenues flowing into th...
Josh Goodman (Stateline)
Wednesday, 11 May 2011
Washington, DC, USA. High prices at the pump create pressure to cut gas taxes. Road needs create pressure to raise them. So, not much happens. Despite substantial electoral risk, Connecticut’s legislature agreed last week to a budget that raises t...
Pamela M. Prah (Stateline)
Saturday, 07 May 2011
Washington, DC, USA. If someone asked you which state took in the most money from casino gambling taxes last year, you probably wouldn’t have to think very hard. You’d say it has to be Nevada. But you’d be wrong. Nevada didn’t even come in s...
John Gramlich (Stateline)
Thursday, 05 May 2011
Austin, TX, USA. In states fortunate enough to have emergency cash reserves in a lean budget year, legislators are debating how much of that money to spend and how much to save for future crises. In this explainer, Stateline explores state rainy day ...
David Harrison (Stateline)
Friday, 29 April 2011
Washington, DC, USA. For decades, states have been moving toward an annual budgeting process. Now, a GOP strategy is emerging in several states that focuses on budgeting over longer periods of time. Iowa Democrats are locked in a standoff with Repub...
TS-Si News Service
Saturday, 23 April 2011
Champaign, IL, USA. A repeat of a corporate tax holiday that found little success in stimulating the economy in 2005 is still a long-shot to jump-start a stagnant U.S. economy, says an expert in corporate and international taxation. Dhammika Dharmap...
Melissa Maynard (Stateline)
Friday, 22 April 2011
Atlanta, GA, USA. Economists agree that a broader tax base with lower rates is a good idea. But try getting it enacted. Legislators are learning that you can't take the politics out of tax policy. Moving a state to a 21st century revenue system is o...
Rob Gurwitt (Stateline)
Thursday, 21 April 2011
Hartford, CT, USA. Looking out over the crowd at a recent town-hall gathering in New Britain, Connecticut, Governor Dannel P. Malloy noticed a woman holding up a sign. It read, “I Love Chris Christie.” Malloy’s better-known New Jersey counterp...
Christine Vestal (Stateline)
Tuesday, 19 April 2011
Washington, DC, USA. One of the most controversial ideas in Washington is to turn Medicaid into a block grant program. Last week, Republicans in the U.S. House passed a plan that would overhaul the federal-state partnership for providing health insur...
Josh Goodman (Stateline)
Wednesday, 06 April 2011
Washington, DC, USA. Not only has 2011 been the toughest budget year in a long time for many states. It’s also been one of the most confusing in terms of understanding how big the budget gaps really are. In some states this year, disagreement over...
Daniel C. Vock (Stateline)
Saturday, 02 April 2011
Cincinnati, OH, USA. First, the Ohio governor rejected taking federal money to pay for high-speed rail. Now, John Kasich's latest target is a streetcar proposed for Cincinnati, which local officials say is key to economic growth. For Cincinnati, whi...
Josh Goodman (Stateline)
Friday, 25 March 2011
Saint Paul, MN, USA. From the moment it became clear who the state’s new governor and legislative leaders would be, Minnesota seemed to be heading for political stalemate. Mark Dayton, the newly elected Democratic governor, campaigned on a promise ...

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