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Published: 07/30/09

States Raising Taxes to Cover Recession Shortfalls

By  Emily Miller - Politics Daily
States Raising Taxes to Cover Recession Shortfalls

The recession has forced some states to raise taxes -- both personal income and sales -- to make up for budget shortfalls. In the first half of 2009, 10 states made major changes to personal income-tax rates, most of which are retroactive to Jan. 1 of this year. ...

Published: 01/3/09

Less Driving, More Efficient Cars Could Cost Consumers at the Pump

By  Mark Impomeni - Politics Daily
Less Driving, More Efficient Cars Could Cost Consumers at the Pump

So much for doing what the government recommends. A commission created by Congress to study the way the nation's highway system is funded is set to issue a report later this month calling for an increase in federal gasoline and diesel fuel taxes to pay for road and bridge improvements. According to the report, the increase is needed to make up for a shortfall in revenues from the existing fuel tax. That shortfall is due to American drivers consuming less fuel and driving more fuel efficient cars and trucks. Less driving and greater fuel efficiency means less fuel purchased, and less taxes ...

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