21 May '11, 3pm

Unexpected Tax Revenues Lead to Unexpected Tax Cuts: Jamelle rightly says that these windfalls show that the sta...

Unexpected Tax Revenues Lead to Unexpected Tax Cuts: Jamelle rightly says that these windfalls show that the sta...

As Jamelle described yesterday at The American Prospect , California just cut its deficit in half, not through dramatic spending cuts but through an unexpected tax windfall, the result of improved economic growth in the state. It's not unique in experiencing this -- Michigan and New Jersey also reported higher-than-expected tax revenues this week. Jamelle rightly says that these windfalls show that the state and federal deficits aren't the result of rampant government spending in the last two years but were instead generated by lower revenue from flagging tax receipts in the recession (along with the Bush tax cuts and two ongoing unfunded wars). In Michigan, which was facing a $1.4 billion deficit prior to receiving an unexpected $429 million this week, Republicans are already calling for additional tax cuts to business, which they say will strengthen the state's nascent e...

Full article: http://www.care2.com/causes/politics/blog/unexpected-tax-...

Tweets

While cutting education, Kentucky gives $43 million tax break to creationism theme park

While cutting education, Kentucky gives $43 mil...

climateprogress.org 20 May '11, 8pm

A group of private investors and religious organizations is hoping to build a Bible-themed amusement park in Kentucky… The...

New, ‘hidden’ source of renewable energy fights...

grist.org 20 May '11, 10pm

Waste heat: It's everywhere, and we're wasting it. (Hence the name.) Giant industrial processes throw off enormous amounts...

Ending Big Oil’s tax holiday

climateprogress.org 17 May '11, 1pm

Ending Big Oil’s tax holiday May 17, 2011 Daniel J. Weiss and Kate Gordon in a CAP cross-post . The Senate plans to vote t...

Spain Cuts Funding For More Solar Plants:

Spain Cuts Funding For More Solar Plants:

care2.com 22 May '11, 2am

Spain, a country that many felt was leading the global renewable energy race , recently suspended subsidies to 143 solar p...

How Incubators Will Help Start-Ups Lead the Cle...

triplepundit.com 20 May '11, 4pm

Interesting article. I agree some clean tech start-ups do seem to be almost paradoxically weak in sustainability practice ...

#Renewable energy growing but tracking hampered...

switchboard.nrdc.org 20 May '11, 10pm

(and also, on a serious note, I would be remiss if I didn’t point out here that the EIA as an institution stands to suffer...

Repealing tax breaks for oil companies is NOT a...

climateprogress.org 16 May '11, 2pm

The fact that tax expenditures are government spending is widely recognized by conservative economists and politicians. Pr...