States look to boost taxes

Screen Shot 2015-05-06 at 9.01.20 AMBy John D. McKinnon and Matthew Dolan | The Wall Street Journal;

About a dozen states—including several led by Republican governors—are considering significant tax increases this year, despite the success of antitax conservatives in the 2014 elections.

In the latest round of the debate, Michigan voters on Tuesday rejected a plan advanced by GOP Gov. Rick Snyder to raise the state’s sales tax to fund highway work and other needs.

State revenues generally have returned to prerecession levels, adjusted for inflation. But a number of governors and legislatures are wrestling with how to address growing demands for services in areas of the budget that were squeezed during the downturn.

Continued:

RelatedSurprisingly strong gains reported in Arizona state tax revenues

Share this!

Additional Articles

New home sales post solid gain in March

By NAHB Despite higher interest rates last month, new home sales rose in March due to limited inventory of existing homes. However, the pace of new home sales will be under pressure in April as mortgage rates moved above 7% this

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.