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Published byNathan Adam Watson Modified over 9 years ago
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What’s Going On in Other States? Deep Recession and Slow Recovery Many States Enacting Substantial Tax Cuts (ex: Kansas and North Carolina)
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Kansas 2013 Tax Changes Cut Personal & Corporate Income Taxes Raised the Sales Tax Cut Tax Credits for Low - Income Families
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Kansas Raised Taxes for Lower-Income Families and Cut Them the Most for the Richest
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Tax Revenues Are Down in Kansas, Rising in Most States
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Kansas Added Jobs More Slowly Than the U.S. as a Whole Since the Tax Cuts Took Effect
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North Carolina 2013 Tax Changes Cut Personal & Corporate Income Taxes Expanded the Sales Tax Capped the Gas Tax First State to Eliminate its EITC
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North Carolina Raised Taxes for Lower-Income Families and Cut Them the Most for the Richest
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North Carolina Tax Revenues Projected to Fall by $650 million Upon Full Implementation
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Tax Cuts Have Consequences Substantial Cuts to K-12 Education Cuts to 2- and 4-year Public Colleges Reduced Access to Health Care
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Wages for Low-Paid Workers Same as 40 Years Ago
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Poverty Remains High
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What Can States Do? Make Investments in Health, Education, and Fighting Poverty Boost the Minimum Wage Earned Income Tax Credit
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Currently in Place in Twenty-Five States Helps Families Make Ends Meet Encourages and Rewards Work Actively Fights Poverty
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OPEN & ACCOUNTABLE BUDGETS Every state budget should have: A Map for the Future Professional & Credible Estimates Ways to Stay on Course
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Mississippi Fails to Plan Ahead No Multi-Year Revenue/Spending Forecasts Sporadic and Low-Quality Fiscal Notes No Estimates for Continuing Current Levels of Services
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