Paul Krugman Might Like This News
Nationwide, some 20 states have raised taxes this year by a cumulative $13.1 billion. The National Federal of Independent Business has the details of a mid-year report from the American Legislative Exchange Council. The non-partisan organization's Mid-year Review of State Budget Policy says the $13.1 billion tax increase in the first half of 2003 is 48 percent larger than last year, when states raised taxes by a cumulative $8.8 billion in the first half of 2002. Almost half the states that raised taxes in 2003 also raised taxes in 2002: Connecticut, Illinois, Maryland, Nebraska, New Jersey, New York, North Carolina, Ohio and Utah. The ALEC press release is here.