Regular readers of Tax Foundation reports know that we publish estimates of the distributional impact of federal tax changes: that is, we estimate how a tax reform might affect the after-tax incomes of taxpayers at...
- Orange County Register quotes Mark Robyn on state tax col...
Orange County Register quotes Mark Robyn on state tax collections
Calif. tax revenue jump 6th highest in U.S.
By Jan Norman
Published: April 24, 2012
Economist Mark Robyn of the Tax Foundation, a Washington DC advocacy group, said "The recent increase in state tax collections is consistent with the gradual recovery from the so-called Great Recession. As economic activity picks up we expect to continue seeing increases in tax payments, in particular from sources like the corporate income tax, which is highly dependent on the health of the economy."
In spite of California's increased collections, the state budget is facing a $6 billion deficit this year because Gov. Brown and the legislature were counting on even higher revenues. Two efforts are underway to put tax increase proposals in the statewide ballot in November.
Join the Tax Foundation's fight for sound tax policy Go
Tax Policy Blog
The official weblog of the Tax Foundation.
Related State Articles
- Lunch Links: House Ways and Means Approves Four Tax Bills; California Assesses Proposition 13; New Mexico Considering Tax Changes; New Fiscal Year Finds Kansas in Debt Already
- Lunch Links: Speaker Ryan Lays Out Vision for Tax Reform; Compromise Part of Latest New Jersey Tax Proposal; Pennsylvania Legislators Target Reduction of 40 Percent E-Cigarette Tax; Rundown of Marijuana Ballot Propositions in Five States
- Lunch Links: California Public Employee Pension Substantially Underfunded; Nevada Voters Poll 'No' to Stadium Tax; Court Ruling Means Exelon Underpaid Taxes
- 1 of 104
- next ›
Tax By State
For information on your state, select it from the drop-down menu.
Ask a Tax Expert
Contact information for Tax Foundation policy staff Ask