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States see tax revenues double in six years
A Congressional panel reports state tax collections have nearly doubled in six years with a rise of one eighth in the last year. Fifteen new taxes since 1959 and over 200 rate increases. 42 states tax retail sales, 33 income, 27 both. Surpluses may appear as $29.4 billion in the last fiscal year, but governors face choices between tax cuts or spending to meet public needs.
MENTIONED IN THIS ARTICLE
Washington
Congressional
Bipartisan Advisory Commission On Intergovernmental Relations
Kentucky
Maryland
Missouri
New York
North Carolina
Tax Foundation, Inc
Pennsylvania
Melvin R. Laird
Congress
Wisconsin