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States Shift to Deep Cuts for Workers to Balance Budgets
By Andrea Stone - AOL NewsDire. Drastic. Draconian. Call them what you will, but the measures being called for in state capitals to deal with record budget shortfalls are harsher than any in memory and have sparked angry protests from public employees most likely to feel the brunt of them. In Madison, Wis., police were dispatched today when every Democrat in the state Senate failed to show up for a vote on a bill to strip public workers of collective bargaining rights. Thousands of teachers and other state workers have rallied in and around the Capitol, some holding signs comparing the new governor, Republican Scott ...
How Much Did Florida Tax Laws Factor Into LeBron James' Decision?
By Steven Hoffer - AOL News(July 9) -- Perhaps LeBron James listened to his tax adviser, as well as his mom. Because while King James' supporters may praise the two-time MVP for taking less money in pursuit of winning championships, James actually stands to save money by moving to the Sunshine State, thanks to its lack of a personal income tax. James looks to make an estimated $17 million next season by signing with the Miami Heat. Factor in endorsement deals with companies including Nike, Sprint and McDonald's totaling approximately $40 million, and James may find himself saving an estimated $25 million in state ...
States Raising Taxes to Cover Recession Shortfalls
By Emily Miller - Politics DailyThe 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. ...
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