Word: taxing
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Dates: during 2000-2009
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...worst-off states by that count are Alaska and Nevada. Each of them will need to spend 30% more than what state tax officers think they'll be collecting. And neither has a state income tax, relying on oil and tourism taxes, respectively, for most of their revenues...
...other states, however, it's the extra volatility that comes from dependence on personal-income tax that is exacerbating the problem. Research by economists at the Chicago Fed show that by the late 1990s, the personal-income tax had emerged as the major source of state revenue - and that personal-income tax swings more wildly than other taxes, like sales tax. The typical state now gets 36% of its funding from personal-income tax, according to the Rockefeller Institute of Government. As unemployment continues to climb and investors offset their capital gains with losses, the effect is felt disproportionately...
...just-signed state budgets? Well, then we'll have even more shortfalls to come. "What we're doing is waiting," says Craig Brandon, a municipal-bond portfolio manager at Eaton Vance. "The thing you're going to start seeing over the rest of the summer is whether tax revenues are coming in where states are projecting them to be." Fingers crossed. IOUs ready...
...platform issues now are universal health care and your favorite issue, energy, his global-warming plan. What do you think of his positions on both? His cap-and-trade agenda is a cap-and-tax agenda, and it's going to drive the cost of consumer goods and the cost of energy so extremely high that our nation is going to start exporting even more jobs to China and to other countries that do not have the corporate tax or the equivalent of the corporate tax that the cap-and-trade - I call it cap-and-tax - agenda is going...
...ideas. John McCain had some good ideas about bolstering the economy through businesses so that families could afford to pay for health care and making sure that no one was falling through the cracks and not receiving health care. One way you do that is to reduce the corporate tax on our small businesses especially in America. You're going to see Obama increase those taxes on small businesses - whether he admits it today or not, he's going to. One thing reporters aren't asking the Administration is - it's such a simple question and people around here...