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Review and Sunset Tax Expenditures

MO: Gov. Nixon Creates Commission to Review Tax Credits

JEFFERSON CITY, Mo. (AP) -- Gov. Jay Nixon has appointed a committee of 25 people to review Missouri's 61 tax credit programs.

Nixon's office said Wednesday that the Tax Credit Review Commission will recommend ways for tax credits to meet their goals more effectively and generate a better return on investment for taxpayers.

Revenue Options in 2010: Making the Case and Debunking the Myths

Last Tuesday, Oregonians overwhelmingly approved two ballot initiatives that ratified legislative action last year to increase high-end personal income and corporate taxes.  The failure of the anti-tax movement in Oregon is one more in a long stream of right-wing initiatives rejected by voters at the ballot box.  In fact, progressive revenue generation as part of a balanced approach to addressing state deficits has been popular with both voters and legislatures for years.  This Dispatch will provide both the facts and messages to debunk opposition to smart revenue options, while outlining a few of the best revenue approaches to filling budget holes.

Target's Tax Subsidies Under Scrutiny After Chicago Living Wage Fight

Target management apparently didn't get the memo. Faced with stagnating wages and increasing inequality, American workers and taxpayers are waking up to the big box gambit where irresponsible employers subsidize their low wages through favorable tax packages. When Target threatened to stop opening new stores in Chicago if the Windy City gave final approval to its ordinance requiring a living wage for retail workers (see this Dispatch for more details), it opened up a new debate over why cities are offering low-wage retail stores tax subsidies in the first place. As a new report produced by the Neighborhood Capital Budget Group documents, Target received $9.9 million in tax-increment financing (TIF) to subsidize its existing stores in Chicago.