One of the provisions under consideration in the tax extenders discussion is a reinstatement of 50 percent bonus expensing for equipment. This would strengthen investment spending and boost the sluggish recovery. It has...
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Governor Tim Pawlenty (R-MN) Cites Data on Federal Taxes Paid vs. Spending Received on Fox News
Yesterday evening on On the Record with Greta Van Susteren, Governor Tim Pawlenty (R-MN) cited Tax Foundation data on federal taxes paid vs. spending received in each state, discussing how Minnesota will spend the stimulus money.
For clarification: the Tax Foundation has not done the study since 2007, where the only data we have goes from 1981 to 2005. We might or might not start up the study again, but be on the lookout from our Center for State Fiscal Policy for other research on state and local taxes.
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About the Tax Policy Blog
The Tax Policy Blog is the official weblog of the Tax Foundation, a non-partisan, non-profit research organization that has monitored tax policy at the federal, state and local levels since 1937. Our economists welcome your feedback. If you would like to send an e-mail to the author of a blog post, please click on that person's name to locate his or her e-mail address or visit our staff page here.