Tax Foundation in Editorial Pages, and the Best of the Blogosphere
December 10, 2008
While we enjoy seeing our material cited by reporters, we equally enjoy coverage of our research by columnists and editorial writers in the opinion pages of newspapers, large and small.
Last week, syndicated columnist Deroy Murdock rails against the federal bailout package and talk about a shift President-Elect Barack Obama makes about the 2001 and 2003 Bush tax cuts:
“President-elect Barack Obama — rated the Senate’s No. 1 liberal — seems to have side-stepped his statist ways long enough to scuttle his speedy end to Bush’s first-term tax cuts on upper incomes. Obama reportedly will let them expire naturally in 2011 rather than euthanize them in 2009. The Tax Foundation estimates this will leave $100 billion in private hands, where it will do some good.”
Today, the Arkansas Leader gives praise to Staff Economist Josh Barro for his tax reform recommendations to state legislators:
“Needing advice on tax policy, we would never have turned to the Tax Foundation, a Washington-based research group that has been a reflexive critic of taxes in almost any form for as long as we have known of it. Now it turns out that we were too reflexive ourselves in our judgment about the organization.
“An economist with the Tax Foundation tendered quite a bit of advice to the legislature about taxing and budgeting strategy last week, and the lawmakers would be well advised to follow it. Governor Beebe no doubt resented Joshua Barro’s counsel since some of it contradicts his program for the 2009 session. He should consider them a perfection of his own plans and embrace Barro’s suggestions.”
After Tax Counsel Joseph Henchman released research on city transit agencies’ SILO deals, the editorial board of the Hartford Business Journal calls for their city’s transit authority to bring light to the potential liabilities they might have because of termination agreements:
“While most of the major cities that were involved in sale and leaseback arrangements have come clean about their potential exposure to termination agreements, several have not given complete information about the potential cost to taxpayers.
“Hartford falls into that category, according to The Tax Foundation, a nonpartisan nonprofit organization in Washington, D.C., that monitors fiscal policy at the federal, state and local level.
“According to the foundation, state and local entities engaged in sale and leaseback deals involving more than $500 million in Hartford transit assets between 1988 and 2003. The termination fees on those deals, if any, would be only a fraction of that. For both Atlanta and Los Angeles, that fraction was 13 percent. For Washington, D.C., it was 49 percent.”
Finally, J.H. Hubert, a fellow at the Buckeye Institute for Public Policy Solutions, pens an op-ed on Ohio’s impending fiscal crisis in the Hillsboro Times-Gazette:
“Thirty years ago, things were different. Then, Ohio ranked 45th in the Tax Foundation’s annual ranking of state and local tax burdens. That means Ohioans paid the fifth lower taxes in the country.
“Today, though, Ohio ranks seventh on that list. It rates worse than any of its neighbors – in most costs, much worse. And between 1970 and 2006, Ohio’s tax burden increased more than that of any other state.”
Of course, we can’t forget today’s Best of the Blogosphere:
- The Policy Clearinghouse Blog of the American Chamber of Commerce Executives features Josh Barro’s recent analysis of South Carolina Governor Mark Sanford’s tax reform proposals.
- The Small Business Loans Blog features a previous study done by President Scott Hodge on high-income taxpayers and the entrepreneurial class.
- 21st Century Taxation, a blog from Professor Annette Nellen of San Jose State University, cites California’s 48th place ranking in the 2009 State Business Tax Climate Index in a post about California’s current budget crisis.