In 2009, the federal deficit will be larger as a share of the economy than at any time since the 1940s. After 2009, we project an average deficit of $1 trillion per year for the next 10 years, under optimistic assumptions. The longer-run picture is even bleaker, with a fiscal gap of 7-9 percent...
What will work best to stimulate the nation out of recession? Look to the states, saysLen Burmanin a commentary for public radio's Marketplace program.
Education is a key pathway out of poverty, yet schools that primarily serve minority students often fail to provide the educational opportunities available in predominantly white schools. A series of state court cases has addressed one cause of that disparity, the dramatic funding differences...
Much of the state tax policy discussion during the past decade has centered on the performance of corporate income taxes and ways to restructure them. This report focuses on state responses to the weak corporate tax collections during the 2000-2003 period as well as to the revenue performance...
In this "Marketplace" commentary, Len Burman, director of the Tax Policy Center, explains why presidential candidate Mike Huckabee's FairTax proposal is misnamed.
This article summarizes a March 2007 TPC-Northwestern conference examining state and local finances. Reprinted from Lincoln Institute of Land Policy Land Lines October 2007 issue.
In this Marketplace commentary, Len Burman, director of the Urban-Brookings Tax Policy Center, says that extending temporary tax measures enables Congress to avoid serious tax reform and hide deep problems.
States and their local governments vary both in their needs to provide basic public services, and in their abilities to raise revenues to pay for those services. A forthcoming joint study by the Tax Policy Center and the New England Policy Center at the Federal Reserve Bank of Boston, uses the...
Hal Salzman and Leonard Lynn argue that recent reports warning of a rising threat posed by hordes of scientists and engineers graduating from Chinese and Indian universities are wrong on several counts, countering that rather than technonationalism, the United States should invest in education,...
The Economic Growth and Taxpayer Relief Reconciliation Act of 2001 (EGTRRA) phased out the state death tax credit from 2002 to 2004, eliminating it completely for 2005. Prior to EGTRRA, almost all states collected a "pick-up" tax that was equivalent to the federal credit. In 2000, estate and...
The Economic Crisis and the Fiscal Crisis: 2009 and Beyond
In 2009, the federal deficit will be larger as a share of the economy than at any time since the 1940s. After 2009, we project an average deficit of $1 trillion per year for the next 10 years, under optimistic assumptions. The longer-run picture is even bleaker, with a fiscal gap of 7-9 percent...
Experiment to Get Best Stimulus Results
What will work best to stimulate the nation out of recession? Look to the states, saysLen Burmanin a commentary for public radio's Marketplace program.
Racial Disparities in Education Finance: Going Beyond Equal Revenues
Education is a key pathway out of poverty, yet schools that primarily serve minority students often fail to provide the educational opportunities available in predominantly white schools. A series of state court cases has addressed one cause of that disparity, the dramatic funding differences...
Emerging State Business Tax Policy
Much of the state tax policy discussion during the past decade has centered on the performance of corporate income taxes and ways to restructure them. This report focuses on state responses to the weak corporate tax collections during the 2000-2003 period as well as to the revenue performance...
Huckabee Tax Plan Would Be A Disaster
In this "Marketplace" commentary, Len Burman, director of the Tax Policy Center, explains why presidential candidate Mike Huckabee's FairTax proposal is misnamed.
Navigating State and Local Finances
This article summarizes a March 2007 TPC-Northwestern conference examining state and local finances. Reprinted from Lincoln Institute of Land Policy Land Lines October 2007 issue.
Doing Nothing's a Good Thing
In this Marketplace commentary, Len Burman, director of the Urban-Brookings Tax Policy Center, says that extending temporary tax measures enables Congress to avoid serious tax reform and hide deep problems.
Fiscal Capacity of States, Fiscal 2002
States and their local governments vary both in their needs to provide basic public services, and in their abilities to raise revenues to pay for those services. A forthcoming joint study by the Tax Policy Center and the New England Policy Center at the Federal Reserve Bank of Boston, uses the...
Technology: More Than Degrees
Hal Salzman and Leonard Lynn argue that recent reports warning of a rising threat posed by hordes of scientists and engineers graduating from Chinese and Indian universities are wrong on several counts, countering that rather than technonationalism, the United States should invest in education,...
State-Level Estate and Inheritance Taxes
The Economic Growth and Taxpayer Relief Reconciliation Act of 2001 (EGTRRA) phased out the state death tax credit from 2002 to 2004, eliminating it completely for 2005. Prior to EGTRRA, almost all states collected a "pick-up" tax that was equivalent to the federal credit. In 2000, estate and...