Pages

Wednesday, May 16, 2012

Taxes

Econ Comments & Analysis                                                                                            
WSJ | Oklahoma Reform Showdown
Do Republicans stand for economic growth and tax reform, or not? That question is on the table in Oklahoma, where GOP Governor Mary Fallin has a plan to cut and eventually eliminate the income tax. Her main opposition: fellow Republicans in the state Senate.

Blogs                                                                                                                             
Tax Foundation | Maryland Senate Approves Income Tax Hike; Sneaks in Tobacco Hike Too
Today, we've just received word from the Maryland statehouse that the Senate has passed the income tax increases, and also snuck in a tobacco excise tax increase. The income tax increase will mean that a family of four earning $250,000 in Montgomery county will pay almost $1,000 more in taxes each year.