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Business & Economics PRESS ROOM |
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Detroit's plan for liquor tax hike, fast food tax will send customers to suburbs
Submitted by Edward Deeb on 1.28.2005
Detroit is facing serious budget issues, and Mayor Kwame Kilpatrick has proposed that one way to fill in the budget holes is to boost taxes. His proposal includes a 1 percent increase in local taxes on liquor, tobacco and fast foods.
No problem with revenue
Submitted by Anthony P. Archie on 1.24.2005
Last week, Governor Arnold Schwarzenegger released his proposed state budget for fiscal year 2005-06 amid the buzz surrounding his reform agenda. The governor focused on the state's profligate spending as the source of our deficit problem because, as he rightly noted, "we don't have a revenue problem." Despite this, there are still those who see the state's fiscal woes as an opportunity to tax Californians more.
Tyrannous Taxation
Submitted by Steven Malanga on 1.18.2005
Mired in recession in 2003, New York State raised taxes by $5.4 billion--and that came on top of a $1.8 billion New York City tax hike, described by Mayor Michael Bloomberg as part of the cost of doing business in a "premium" place like Gotham. Meanwhile, Kansas got through its recession-induced budget woes without raising taxes; instead, it cut spending and passed productivity reforms that saved $1 billion.
What Pension Intervention Will Do For California
Submitted by Anthony P. Archie on 1.17.2005
With a state budget deficit of $9.1 billion, California needs to adopt more cost-saving measures. Governor Schwarzenegger's plan to reform the state's pension system is an excellent place to start.
Change could curtail CalPERS' clout
Submitted by Timothy Roberts on 1.14.2005
In the next few weeks, the $180 billion California Public Employees' Retirement System will release the names of portfolio companies that it will target this year in its long-running campaign for better corporate governance.
Big business gave, and gave willingly
Submitted by Sally C. Pipes on 1.7.2005
When, after the Asian tsunami, the U.S. government pledged an initial $35 million in disaster relief, a single U.S. company immediately matched it. Pfizer, the biggest pharmaceutical maker in the world, announced a contribution of $10 million in cash to relief organizations, plus an additional $25 million worth of medicines and equipment. In addition, it pledged to match employees' relief donations dollar-for-dollar.
"Save New York" Special Alert
Submitted by Michael Benjamin on 1.6.2005
SaveNew York.org is joining together with The Brennan Center for Justice and a statewide coalition of reform organizations to conduct a rally and press conference at the State Legislature in Albany on January 6, 2005.
For the Birds
Submitted by New York Sun Staff Editorial on 1.6.2005
What planet is Governor Pataki on? That's the question we were left with yesterday after watching his State of the State address. The governor is facing a multibillion-dollar budget gap, in a state that already has the highest state and local tax burden in the country.
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