The March 2008 issue of Budget & Taxes News highlights the effect of taxes on economic growth, with articles summarizing the American Legislative Exchange Council's Rich States, Poor States report and focusing on Michigan as an example of how not to improve the economic climate of a state.
On page 1:
- The U.S. Department of Justice has launched a criminal investigation of the port of Seattle after a recent performance audit uncovered evidence that fraud may have occurred in some of its construction projects.
- Chicago has become the first city in the nation to tax bottled water, with a 5 cents a bottle tax that went into effect January 1.
- The federal Office of Management and Budget has launched a Web site that allows taxpayers to track how the federal government spends their tax dollars.
- The St. Louis (Missouri) County Council, seeing defeat of a proposed 200 percent sales tax increase was likely, removed the measure from the February 5 ballot.
Also in this issue: California, Indiana, the Alternative Minimum Tax, unions, satellite TV taxes, earmarks, and more.
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