States Respond to Recession Through Tax Changes
The recession has devastated funding for state services, costing jobs, income, and services for people throughout the United States. In response to the crisis of public service, many states are making intelligent changes to their tax codes to make up budget gaps and stimulate economic growth.
A new report from the Center on Budget and Policy Priorities explains how new taxes have helped save jobs and services across the country. These are some of the measures states have taken to raise revenue for public jobs, education, health care, and other services:
- Eliminating tax exemptions
- Broadening tax bases
- Increasing rates for high income filers
Read the full report at the link below.
