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State Budgets

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  • Should states restore recession cuts? Four arguments for and against

    Should states restore recession cuts? Four arguments for and against
    Does spending less money on state government stimulate the economy? That’s a question raised in a Los Angeles Times story Friday about states that have not restored budget cuts made during the belt-tightening of the recession.
  • Tax system desperately needs retooling

    Tax system desperately needs retooling
    SACRAMENTO—Gov. Jerry Brown's proposed rainy-day reserve is better than nothing, but it falls far short of what the state really needs to fix its cockeyed tax system. The governor is attempting to treat the symptoms of revenue instability rather...

    Hollywood's new financiers make deals with state tax credits

    Hollywood's new financiers make deals with state tax credits
    ATLANTA — Ric Reitz makes movies. He helped bankroll the Matt Damon thriller "Contagion," Clint Eastwood's "Trouble With the Curve" and the Robert Downey comedy "Due Date." Reitz, an energetic 58-year-old, doesn't hang out at the Polo Lounge, red-...

    Pressure builds in House to pass tax-cut package

    After the Senate overwhelmingly voted to advance the tax-cuts package, House Majority Leader Steny Hoyer acknowledged Tuesday the urgency in passing the legislation to avoid a tax hike on Jan. 1. The bill could clear the Senate late Tuesday or early...

    Obama's income drops, but the president is still a millionaire, tax returns show

    Obama's income drops, but the president is still a millionaire, tax returns show
    President Obama's income dropped substantially in 2010 from the previous year due to declining book sales, but he is still comfortably in the ranks of the nation's millionaires, his federal tax returns show. The Obama family earned $1.73 million last...