Budget & Tax News
The Heartland Institute's national monthly outreach publication for advocates of lower taxes, balanced budgets, and limited government.
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Budget & Tax News
July 2009
2009 July Budget & Tax News: Chicago’s Midway Lease Falls Through
The July 2009 issue of Budget & Tax News leads with a report that Chicago’s privatization of Midway Airport—a $2.5 billion deal—has ... (read more)
The July 2009 issue of Budget & Tax News leads with a report that Chicago’s privatization of Midway Airport—a $2.5 billion deal—has ... (read more)
Arkansas Cigarette Tax Hike Goes Easy on Border Towns
Arkansas recently increased the state’s cigarette excise tax rate from $0.59 to $1.15 per pack, but lawmakers threw in a positive twist: The legislation ... (read more)
Arkansas recently increased the state’s cigarette excise tax rate from $0.59 to $1.15 per pack, but lawmakers threw in a positive twist: The legislation ... (read more)
Chicago’s $2.5B Midway Airport Lease Deal Washes Out
Chicago’s multibillion-dollar lease of Midway Airport has collapsed.City officials announced in late April the $2.5 billion deal to privatize the ... (read more)
Chicago’s multibillion-dollar lease of Midway Airport has collapsed.City officials announced in late April the $2.5 billion deal to privatize the ... (read more)
High Taxes and No Borders for U.S. Companies
The average U.S. corporate income tax rate of 39.25 percent (state and federal taxes combined) is the second-highest among the 30 industrialized countries ... (read more)
The average U.S. corporate income tax rate of 39.25 percent (state and federal taxes combined) is the second-highest among the 30 industrialized countries ... (read more)
Individuals, Corporations Spend Nearly $300 Billion on Tax Compliance
Complying with the nation’s income tax code costs American families and businesses more time, money, and frustration than ever, according to the National ... (read more)
Complying with the nation’s income tax code costs American families and businesses more time, money, and frustration than ever, according to the National ... (read more)
Kentucky Town Takes Risk on Expensive Expo Center
Corbin, Kentucky is home to the restaurant where Col. Sanders began his finger-lickin’-good Kentucky Fried Chicken enterprise several decades ago. ... (read more)
Corbin, Kentucky is home to the restaurant where Col. Sanders began his finger-lickin’-good Kentucky Fried Chicken enterprise several decades ago. ... (read more)
More State Budget Strains to Come?
State sales tax revenues have experienced their worst decline in 50 years, and overall state tax revenues are likely to continue to fall in the coming months, ... (read more)
State sales tax revenues have experienced their worst decline in 50 years, and overall state tax revenues are likely to continue to fall in the coming months, ... (read more)
Most State Budgets Are Facing Deficits, Despite Lawmakers’ Claims to the Contrary
For several years the Institute for Truth in Accounting has documented Illinois’ budgeting process and shown unsound accounting principles had enabled ... (read more)
For several years the Institute for Truth in Accounting has documented Illinois’ budgeting process and shown unsound accounting principles had enabled ... (read more)
New Transportation Funding Plans Needed: Report
Funding the nation’s bridges and highways will become more difficult without a move away from fuel taxes to a vehicle miles traveled charge and congestion ... (read more)
Funding the nation’s bridges and highways will become more difficult without a move away from fuel taxes to a vehicle miles traveled charge and congestion ... (read more)
No Taxpayer Bailout for Indy Sport, Convention Sites
The Indiana General Assembly adjourned without bailing out the cash-strapped Indianapolis Capital Improvement Board, which manages the city’s sports ... (read more)
The Indiana General Assembly adjourned without bailing out the cash-strapped Indianapolis Capital Improvement Board, which manages the city’s sports ... (read more)
Obama to Increase Corporate Taxes, U.S. Job Losses Likely to Result
President Barack Obama’s proposal to reduce or eliminate various tax deferrals and credits granted to U.S. multinational firms is a tax increase that ... (read more)
President Barack Obama’s proposal to reduce or eliminate various tax deferrals and credits granted to U.S. multinational firms is a tax increase that ... (read more)
State Legislatures Seek to Override Governors’ Stimulus Money Rejections
To the delight of taxpayer activists, some governors have voiced concerns about the federal stimulus package’s “bailout” of the states, ... (read more)
To the delight of taxpayer activists, some governors have voiced concerns about the federal stimulus package’s “bailout” of the states, ... (read more)
Stock Conversion Proposal Worries Bank Investors, Taxpayer Watchdogs
The federal government’s reported plan to convert preferred shares of stock in major financial institutions to common stock with voting rights has ... (read more)
The federal government’s reported plan to convert preferred shares of stock in major financial institutions to common stock with voting rights has ... (read more)
Taxpayer Group Adds Text Messaging to its Arsenal
Taxpayer activists can more easily reach elected officials on Capitol Hill and in state legislatures through a new text messaging advocacy effort by the ... (read more)
Taxpayer activists can more easily reach elected officials on Capitol Hill and in state legislatures through a new text messaging advocacy effort by the ... (read more)
Virginia Gov. Kaine Approves Measure Increasing Online Transparency of Budget
Virginia taxpayers scored a big win in the 2009 General Assembly session when Gov. Tim Kaine (D) in April signed a bill putting more of the state’s ... (read more)
Virginia taxpayers scored a big win in the 2009 General Assembly session when Gov. Tim Kaine (D) in April signed a bill putting more of the state’s ... (read more)
