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States balk at federal stimulus plan cost to billions
States including Virginia, Ohio, Connecticut, Oregon, Rhode Island and Wisconsin weigh leaving the federal tax code to avoid upfront revenue losses from the stimulus package. Officials warn of dual tax books and reduced state revenues, while critics cite budget strains and delayed projects. Virginia estimates 310 million over three years, a GOP official calls it a competing evil.
MENTIONED IN THIS ARTICLE
Columbus
Virginia
Maryland
Massachusetts
Nebraska
District of Columbia
France
John Bennett
Bush
Nonpartisan
Congressional Research Service
New York City
Governors Association
NGA
US Chamber of Commerce
Martin Regalia
Chamber
Ohio
Senate
Richard Finan
Connecticut
Oregon
Rhode Island
Wisconsin
California
Washington
Treasuries