2009 June Budget & Tax News: Obama Budget Little Change from Bush (PDF)
The June 2009 issue of Budget & Tax News leads with a report on the federal budget introduced by President Barack Obama ... which builds on the spending ... (
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Damage Caused by Government Fiscal Expansion
The reason the private sector is more efficient than government is not because it doesn’t make mistakes, but because it has mechanisms to purge mistakes ... (
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Del. Governor Plans State Salary Cuts
Delaware Gov. Jack Markell (D) is proposing a temporary 8 percent across-the-board cut in salaries for all state employees, which he projects will save ... (
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Georgia Telecom ‘Slush Fund’ Escapes Reform
Georgia lawmakers recently had the chance to stand up for taxpayers and stop an outdated telecommunications subsidy program that’s fraught with waste ... (
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Government Debt Threatens Living Standards
One of the nation’s top accountants warned, “the most serious threat to the United States is its own fiscal irresponsibility” at a screening ... (
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Illinois Spending Soars, Governor Seeks Tax Hikes
Illinois state government is facing a budget deficit between $8 billion and $11.5 billion, and Illinois citizens are facing tax and fee hikes that could ... (
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Iowa City Rejects Local Tax Diversion for College Scholarships
Voters in Davenport, Iowa overwhelmingly rejected a measure to use a local sales tax to fund a college scholarship program that would have been run by the ... (
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Maryland Mulls Takeover of Money-Losing Racetracks
Marylanders own many money-losing enterprises, including a golf resort in the western mountains and real estate in Baltimore City that the state can’t ... (
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Massachusetts Gov. Patrick Proposes Tax Hikes Galore
Massachusetts Gov. Deval L. Patrick (D) has proposed an array of tax hikes in a bid to plug an estimated $1 billion hole in the state’s $28 billion ... (
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New Federal Tax on Cigarettes Could Hurt State Tax Revenues
State budget officials nationwide are bracing for the fiscal impact of a 156 percent increase in the federal tax on cigarettes.On April 1 the federal excise ... (
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New Jersey Budget Relies on Questionable Revenue, Cuts
Only nine days after proposing to eliminate the property tax deduction allowed under New Jersey’s personal income tax, New Jersey Gov. Jon Corzine ... (
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Obama’s Budget Builds on Bush’s Precedents
President Barack Obama has introduced his federal budget plan for the coming years, and it includes large increases in spending, taxes, and debt.Building ... (
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States, Local Governments’ Impact on Freedom Revealed
With the nation anxiously waiting to find out whether the federal government’s stimulus package will boost the economy, it is easy to lose sight of ... (
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Tax and Spending Limit Amendments Pick Up Steam
Amendments limiting increases in taxes or spending by state and local governments will likely be appearing on ballots in at least two states over the next ... (
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Tax-Fighter, Reformer Beats Illinois Democrat Machine
With little money and no help from the Chicago political machine, Cook County Board Member Mike Quigley on April 7 won a special election for the Congressional ... (
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Union ‘Card Check’ Bill Stopped in U.S. Senate
Sen. Arlen Specter (R-PA) has blocked a vote on the Employee Free Choice Act, also known as “card check,” once again putting himself at the ... (
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