Tax Policy Center

state budgets

State and Local Issues: TaxVox

Three State Tax Cut Lessons for 2023

The past two years were a great time to make state tax policy. Booming revenue collections combined with hundreds of billions of dollars from Congress...
February 2, 2023Richard C. Auxier
State and Local Issues: TaxVox

Are State Tax Cuts a Sign of Federal Aid Excess or Success?

In March 2020, Arizona Gov. Doug Ducey signed a $11.8 billion budget that was $500 million lower than what he had proposed just weeks earlier—before...
July 16, 2021Richard C. Auxier
: TaxVox

Treasury Will Allow States to Take ARP Funds and Cut Taxes, With Some Guardrails

On Monday, the U.S. Treasury Department released much-anticipated guidance for the American Recovery Plan ’s (ARP) $350 billion in direct state and local aid ,...
May 13, 2021Richard C. Auxier
State and Local Issues: TaxVox

Why States and Localities Need More Federal Aid

Opponents of additional federal aid to state and local governments have noted that overall state revenue declines have not been as bad as expected during...
February 22, 2021Lucy DadayanKim S. Rueben
State and Local Issues: TaxVox

Improving State Tax Collections Don’t Let Congress Off the Hook on COVID-19 Relief

As the lame duck Congress considers further stimulus for an economy that is rebounding but still deeply troubled , Senate Majority Leader Mitch McConnell (R-KY)...
November 19, 2020Tracy Gordon
State and Local Issues: TaxVox

McConnell’s Attempt To Blame States For COVID-19 Budget Shortfalls Is Wrong And Dangerous

Senate Majority Leader Mitch McConnell (R-KY) recently said he is “in favor of allowing states to use the bankruptcy route,” instead of Congress providing them...
April 24, 2020Richard C. Auxier
State and Local Issues: TaxVox

A new tool to get under the hood of state and local budget choices

It’s budget season in most of the nation’s 50 states. This means governors are polishing State of the State speeches and finalizing plans for how...
January 27, 2017Tracy Gordon
State and Local Issues: TaxVox

State revenue outlook has few bright spots

As states prepare to debate their fiscal year 2018 budgets, many continue to face tough fiscal outlooks. About half failed to meet revenue targets last...
December 22, 2016Norton Francis
: TaxVox

Got Growth? Dynamic Scoring, Deductions and Governors

The GOP says it wants a revolution, but who’s going to change the world? Long touted as a way to prove that tax cuts can pay for themselves by the economic growth they generate, “dynamic scoring” of federal legislation is no simple task. Today’s TPC-Hutchins Center on Fiscal and Monetary Policy
January 26, 2015Renu Zaretsky
: TaxVox

Last Minute, or Second- or Third-to-Last Minute, Deals Before the Holidays

Congress blows yet another budget deadline . After missing its chance to approve a spending bill to keep the government running after Thursday, Congress is now planning to vote this week on a very short-term continuing resolution —one good for just a few days. The measure is designed to keep the
December 10, 2014Renu Zaretsky