In several states, some governors were caught off guard by how personal income tax payments fell well below expectations. But, states should not have been so surprised, writes Norton Francis.
Between June 2013 and June 2014, Kansas saw its tax revenue fall by 11 percent. Why is Kansas still making so many tax cuts then, questions Howard Gleckman.
The House Ways and Means Committee will vote on how to fix Highway Trust Fund on Thursday. In Flint, Michigan, the city wants to cut its retirees' health benefits to avoid bankruptcy.
The House Oversight and Government Reform Committee will begin its two-part hearing on missing IRS emails today. Tomorrow, the Senate Finance Committee will examine the role of the tax system in reducing student debt.
Libya's government depends on oil revenue, which has slowed precipitously since militiamen took over the oil fields last summer. But there's no need to panic (yet).
House Ways and Means Chair Dave Camp’s recent tax reform plan would raise the cost of doing business for many state and local governments, but Camp’s plan also includes some less obvious changes that could increase state income tax revenues.