2013 February Budget & Tax News

Issue Date: 
February, 2013
Newspaper PDF: 

The February issue of Budget & Tax News reports Michigan became the nation’s 24th right-to-work state when Gov. Rick Snyder signed landmark legislation in mid-December. David Denholm of Public Service Research Foundation noted, “Freeing Michigan workers from the shackles of compulsory unionism is a very positive step in the right direction ...”

Also in this issue:

  • Legislators in Illinois want state government workers to know annual pay raises will have to wait until the state creeps back from the edge of its fiscal cliff.
  • Alberta has the highest level of economic freedom among all Canadian provinces and U.S. states, according to a new report by the Fraser Institute, Canada’s leading public policy think tank. Saskatchewan ranks second among the provinces and third overall. Canadian provinces make up four of the top 10 jurisdictions.
  • An amendment to the National Defense Authorization Act that Sens. Richard Durbin (D-IL) and Mike Enzi (R- WY) have introduced during the lame duck session of Congress would add their Marketplace Fairness Act proposal to the bill. If passed with the amendment, the bill would allow states to collect sales tax on Internet purchases, even if an online retailer has no physical presence in the state.
  • Critics of the Bush tax cuts often dismiss the tax changes as a failed experiment in free-market economics. But the Bush tax cuts had a number of problems. They were phased in slowly, set to expire within a decade, entailed a Keynesian emphasis on stimulating aggregate demand, and--above all--were undertaken without any effort to reduce spending.
  • According to research by the Oregon-based Cascade Policy Institute and the Oregon Governor’s Council of Economic Advisors, the state’s capital gains tax has been a volatile source of income, and reducing or eliminating it could create thousands of new jobs. Now some legislators there are proposing changes that could be more pro-growth.

Newspaper Articles in this Issue