Budget & Taxes
In Washington DC, statehouses, and city halls across the county, AFSCME members are fighting for the budgets and resources necessary to provide high quality public services. We fight against unfair and irresponsible tax cuts that benefit the wealthy few at the expense of working families. We are constantly on the alert for wasteful contracts, special-interest tax breaks and corporate subsidies that weaken government’s ability to provide quality public education, access to health care, decent transportation systems, and safe and healthy families and communities. We are taxpayers, too, so we work to improve the public’s understanding that there is a cost to public services that requires everyone to pay their fair share.
Who Pays? You do. A new report from the Institute on Taxation and Economic Policy shows state tax systems are skewed in favor of the wealthy, placing a heavier tax burden on low- and middle-income families. Read the report, or download a fact sheet for your state. Combined Reporting More states are adopting Combined Reporting as a way to stop corporations from avoiding taxes, says the Center on Budget and Policy Priorities.
State Budget and Tax News and Resources
National Conference of State Legislatures The state fiscal situation was solid in most states in FY 2007, but it appears to be in transition. The evidence indicates that FY 2006 was the peak for state fiscal health this decade. National Governors Association / NASBO Fiscal Year 2007 has been a stable year for state finances. At the moment, FY 2008 is projected to be a stable fiscal year as well, although some states are projecting slower revenue and expenditure growth. Rockefeller Institute State tax revenue increased 4.8 percent in the January-March quarter of 2007 compared to the same quarter the year before. This nominal growth rate is higher than the previous two quarters, but not as strong as the first two quarters of 2006.
Local Budget and Tax News and Resources
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Vanetta Lloyd
Council 4, Connecticut
"Working families depend on services like student loans and Medicare to get by, so we have to stop budget cuts that pay for tax breaks for the extreme wealthy."
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