The August issue of Budget & Tax News offers a centerspread feature recalling President Ronald Reagan’s fight against inflation and the role he played in the privatization revolution. “It’s very definitely true that Ronald Reagan changed the nature of the debate over the size and scope of the federal government,” writes Robert W. Poole, Jr. of the Reason Foundation.
Page 1 stories in this issue report passage by the House of Representatives of the Bush administration’s latest tax cuts, provisions of HR 4520, the American Jobs Creation Act of 2004; a $1 billion state-level tax-cut campaign launched by senators in New York; a massive tax hike passed in Virginia despite budget surpluses; and Michigan’s rejection of a job-threatening liquor tax hike.
Also in this issue: Citizens Against Government Waste names the South Carolina legislature “Porker of the Month”; Michigan smokers are heading for the border to avoid the state’s recent cigarette tax increase; a Pennsylvania poll shows voters want control over property taxes, while 70 percent of respondents to an Oklahoma poll call themselves fiscal conservatives.
The issue also offers reports from Colorado, Kansas, New Jersey, North Carolina, and Texas; how the Bush tax cuts compare to those made by Kennedy and Reagan; Tax Freedom Day in Canada; and more.
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