Cash-Strapped Governors Walking a Tax-Reform Tightrope
- Ill. tax policy: Adult assembly not required. // Crain's Chicago Business;1/17/2011, Vol. 34 Issue 3, p16
The article comments on Illinois' fiscal problems in the light of recent tax hike announced by the government. The government has passed the biggest tax hike in state history even while allowing spending to keep rising by as much as 2 percent annually. It is stated that the tax hike won't solve...
- Remarks. Rostenkowski, Dan // Journal of Accounting, Auditing & Finance;Summer89, Vol. 4 Issue 3, p408
This article discusses the impact of the unchanging tax environment on the state of the U.S. economy. There are some things that are even worse than constantly changing the tax code. One would be a stable tax system in a very unstable economy. The nation will face an unstable economy--slower...
- Chicago Budget Director Warns of $94 Million Deficit in 2006. Shields, Yvette // Bond Buyer;8/1/2005, Vol. 353 Issue 32186, p3
Forecasts the level of budget deficit in Chicago, Illinois for 2006 despite recoveries in tax revenue collections resulting from the costs of labor contracts. Growth in sales and income tax revenue; Sales, income, and transaction taxes; Indications public finance and spending.
- Oregon's Latest Biennial Budget Forecast Includes a $551 Million Deficit. Finestone, Deborah // Bond Buyer;6/4/2002, Vol. 340 Issue 31400, p32
Reports on the budget deficits in Oregon. Impact of decreased taxable income on federal budgets; Reduction in corporate tax revenues; Proposal of administrative actions to meet expected revenues.
- Someone has to start taking this seriously. Crain, Keith // Crain's Detroit Business;4/18/2011, Vol. 27 Issue 16, p0006
The article offers the author's insights on the deficits of Detroit, Michigan with regards to tax and revenues. He states that some politicians wants to raise the taxes without budget cuts while others want to cut expenses without revenue increase. He also mentions that everyone considers the...
- Hong Kong Needs A Sales Tax. // Asia Monitor: China & North East Asia Monitor;Feb2006, Vol. 13 Issue 2, p6
The article reports that Hong Kong should widen its tax base in order to cope with its budget deficits. Hong Kong Finance Secretary Henry Tang has announced that the introduction of a new Goods and Services Tax (GST) will not take place until 2009. It has been opined that Tang is wrong to...
- Stimulus Provision Could Cost States $5.5B. Schroeder, Peter // Bond Buyer;5/20/2009, Vol. 368 Issue 33118, p4
The article reports on the possibility that the District of Columbia could lose tax revenue of up to $5.5 billion through 2011 if it will not take steps to decouple its tax laws from the federal tax code. According to a report, the revenue losses would come simultaneously if most states are...
- Still in the Pitts. D'Ambrosio, Jill // Bond Buyer;5/17/2004, Vol. 348 Issue 31885, p41
Reports on Pittsburgh, Pennsylvania, Mayor Tom Murphy's introduction of a plan designed to generate savings through management initiatives. Murphy's comments on the city's tax base and structure; Revenue required by the city to fund a projected operating budget deficit.
- Budget Approval Vital. // Latin America Monitor: Central America Monitor;Dec2003, Vol. 20 Issue 12, p2
Presents an economic outlook for Nicaragua by 2004. Revenue from taxation; Target for the fiscal deficit; Optimism on debt reduction.