Taxes

House Sends Multibillion-Dollar Climate Bill to Biden for Signature

The bill, already approved by the Senate, brings praise for its climate provisions but disappoints those hoping for state and local tax changes and more spending on housing.

Farebox Shortfalls Soon to Create ‘Sizable' Transit Budget Gaps

The problem is looming for big city transit agencies in places like New York and San Francisco, with ridership unlikely to recover before federal pandemic aid dries up, Fitch Ratings warns.

Senate Approves Democrats' Sweeping Climate and Health Bill

The legislation would unlock billions in new grants for states and local governments. But some lament its lack of help on housing and other issues. It will next go to the House.

Hopes Dim for Lifting SALT Cap in Senate Deal

Sen. Bob Menendez, a key proponent of revamping a limit on the state and local tax deduction, is signaling he will support the measure even if it does not raise the $10,000 cap.

As Prices Rise, the Push to End Diaper Taxes Grows

Thirty-one states charge sales tax on diapers, but a movement to eliminate those taxes is gaining ground because of record-high inflation and booming state budgets.

Unfair Property Taxes and What to Do About Them

In some places, the taxes fall unequally on lower-income and minority homeowners. But can they be redesigned without jeopardizing a major source of local government revenue?

How One State Used Its Giant Budget Surplus

Idaho this year had extra revenue that was equal to nearly half the amount of its general fund revenues, and that was on top of federal aid. Here's what lawmakers did with the money.

Biden's Push on Gas Tax Relief Will Likely Fall to States

His plan to suspend the federal tax to help ease high gas prices has low odds of passing Congress. The president says states are in a solid financial position to take action, but experts have doubts about whether gas tax holidays at any level are good policy.

The Tax Scam That Won’t Die

The IRS, the Justice Department and Congressional Republicans and Democrats are all trying to put an end to syndicated conservation easements. But with lobbyists like Henry Waxman helping lead the resistance, the efforts have had little effect.

Casinos Pled Poverty to Get a Huge Tax Break. Atlantic City Is Paying the Price

Despite growing profits, casino operators used predictions of “grave danger” to convince the state to slash their tax burden, denying millions to the city, its school district and the county.

Austin Becomes First Texas City To Test a Taxpayer-funded “Guaranteed Income” Program

Austin joins at least 28 U.S. cities, like Los Angeles, Chicago and Pittsburgh, that have tried out some form of “guaranteed income” — financial assistance targeted at needy households.

The New Digital Products and Services Proving Difficult to Tax

States and localities may have to update policies if they don't want to miss out on revenue.

Marijuana 'Sin Tax' Collections Show Signs of Outpacing Alcohol

In states where cannabis is legal, a new analysis finds excise tax collections from pot leading booze. But the money is a small share of state budgets and changes to the industry could affect revenues.

The New Buffalo Bills Stadium Is One of the Worst Deals for Taxpayers

COMMENTARY | Study after study has shown that stadiums are terrible public investments. Taxpayers rarely want to pay for them. So why do governments keep subsidizing them?

After Months of Talk, States Move to Suspend Gas Taxes

A Maryland plan is close to passing. But proposed gas tax holidays there and in other states could prove to be largely symbolic providing only minor relief at the pump.

Pennsylvania Senate Leader Proposes Lowering Gas Tax by One-third Through 2022

Politicians in the state from both parties are pushing to lower the price at the pump.

A Call for a Gas Tax Suspension as Biden Bans Russian Oil

New York Republican state lawmakers previously proposed halting the state's gas tax to alleviate the effects of inflation.

As Inflation Drives Up Prices, State Lawmakers Eye Cutting Food and Sales Taxes

More than a dozen states are considering such cuts, as others eye income tax reductions.

Gas Tax Proposal Threatens to Spark Trade War Among Northwest States

To pay for a transportation package, Washington state lawmakers want to tax refined gasoline sent to other states. Neighboring states are talking about ways to retaliate if the plan goes through.

How One State Wants To Invest in Child Care Like It’s Tesla

New York Gov. Kathy Hochul is proposing to spend billions on economic development programs that critics want to allocate to social programs.