Capping itemized deductions, a tax-reform proposal supported by Democrats as well as Republicans, would hit taxpayers hardest in states like New York, New Jersey, California, and other so-called blue states known for their high taxes, high costs, extensive public services, and large public-sector workforces. Current federal tax policy benefits blue-state taxpayers disproportionately.
full articleThe governments of the United States and Britain are embarking on different approaches to helping...
State governments and their localities owe more than $7 trillion in various kinds of debt,...
A new study looks at the cost of providing lump sum payments to recent government retirees for...
Congress is having trouble agreeing on a deficit reduction plan. This interactive tool lets you try...