July 2008 Budget & Tax News

The July 2008 issue of Budget & Tax News highlights private options for financing highways and bridges in the U.S. On page 1:

• Lavish pay, pensions, and other perks for city workers, combined with a housing slump, have landed Vallejo, California in bankruptcy court.

• Maryland has become the nation's first state to impose a tax bracket specifically for filers who earn more than $1 million a year.

• The U.S. Senate has approved Douglas Shulman has President George W. Bush's appointee to take the reins at the Internal Revenue Service.

• A recent veto by Arizona Gov. Janet Napolitano will restore the state's equalization property tax, costing homeowners hundreds of millions of dollars.

Also in this issue: sales taxes, taxation of hospital services, Chicago Cubs for sale, federal tax reform, prevailing wage laws, right-to-work in Colorado, spending transparency, and more.