Rich Democratic lawmakers stand to benefit from the SALT tax cuts

May 18, 2021 | Jacobin Magazine

By Emma Rindlisbacher, includes “Democrats are threatening to hold up President Joe Biden’s signature infrastructure plan, which relies heavily on tax increases, in the hopes that Biden will eliminate the cap on the state and local tax (SALT) deduction.”

Utah named state with best economic outlook for 14th year in a row

May 18, 2021 | Utah Business

Includes “Senate President J. Stuart Adams issued the following statement … ‘Utah’s strong economy is a result of smart, conservative economic tax policy. For the 14th year in a row, Utah secured the top ranking for economic outlook in ALEC’s Rich States, Poor States, validating the hard work and dedication of former and current lawmakers.”

Rich States, Poor States 14th Edition

May 18, 2021 | American Legislative Exchange Council

By Jonathan Williams, Arthur Laffer and Stephen Moore, includes “The new edition finds that even through the pandemic, states with policies such as low or no income taxes and worker freedom are more economically competitive and better positioned for wage growth, job creation and domestic in-migration compared to states with higher taxes and government spending.”

New Jersey residents will pay most in taxes over a lifetime

May 18, 2021 | Bloomberg

By Laura Davison, includes “Residents of New Jersey, Massachusetts and Connecticut will face the highest tax burdens over a lifetime, according to a new study.”

FBI probe of massive Pennsylvania pension fund seeks evidence of kickbacks or bribery

May 17, 2021 | WESA 90.5 FM (Pennsylvania NPR station)

By Angela Couloumbis, Joseph DiStefano and Craig McCoy, includes “… The documents lay bare the scope of the probe and reveal that prosecutors and the FBI are investigating possible “honest services” fraud and wire fraud. Under a key 2010 U.S. Supreme Court ruling, federal prosecutors would need proof of illegal payments to charge state officials with the crime of not providing honest service, criminal-law experts say.”

State dashboard compares local government debts

May 17, 2021 | WCYB-TV News (Tennessee)

By Caleb Pehrne, includes “The Tennessee comptroller's office is re-launching a statewide dashboard giving you a look inside county finances. The state dashboard shows most county governments in our region have about $1,000 of debt per person, a little higher than the state average. …"

The hybrid handbook

May 17, 2021 | National Institute on Retirement Security

By Dan Doonan and Elizabeth Wiley, includes “Hybrid retirement plans for state and local government employees are not new, but have received increased attention in recent years as jurisdictions have sought to modify retirement benefits, whether for cost concerns or other objectives.”

FBI asking questions after a pension fund aimed high and fell short

May 14, 2021 | The New York Times

By Mary Williams Walsh, includes “The Pennsylvania teachers’ retirement fund put more than half its assets into risky alternative investments. The math didn’t work out, spurring an investigation. ” 

Why is PERA in high-fee, high-risk investments?

May 14, 2021 | Westword (Colorado)

By David Sirota, includes “Are taxpayers and retirees willing to give billions of dollars to financial firms in exchange for the potentially false perception of financial stability? ”

Are Gavin Newsome’s $600 checks a redistributive vote-buying scheme or welcome return of stolen goods?

May 14, 2021 | Reason

By Christian Britschgi, includes “… Perhaps as intended, the checks are forcing Newsom's Republican opponents … to perform some awkward political contortions as they try to criticize the governor without coming out against free money..”

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