December 2004 Budget & Tax News (PDF)

The December issue of Budget & Tax News considers whether President George W. Bush's second term will bring dramatic tax reform, as he has pledged. Social Security reform, a national sales tax, and a flat-rate income tax are said to be on the president's agenda.

Page 1 of this issue also reports on Utah voters' 40-to-1 rejection of a tax hike for open space preservation, a Civic Federation report questioning the benefits Illinois might receive from the Streamlined Sales and Use Tax Project, and how the U.S. compares to the rest of the world in corporate income taxation.

Also in this issue: Montana senators named "Porkers of the Month"; Social Security privatization; payroll taxes in New York and a new state "Vote for Jobs Index"; South Dakota and Florida top the Tax Foundation's new business climate study; the high price smokers pay to society; decriminalizing marijuana in Chicago; and more.