Challenges Ahead as State Expenditure Growth Encounters Resistance from Rising Spending
In the previous three years, almost every U.S. state has reduced broad-based taxes, according to an Associated Press piece titled ‘State tax lowering trend faces challenges from dwindling revenues and tighter budgets’ Income, sales, property, and gas taxes were reduced permanently, rebated, or suspended. Minnesota’s Recent Tax Changes: A Closer Look at Welfare Spending and … Read more