The talk of the legislature pursuing meaningful tax cuts during the 2023 regular session continues to pick up momentum. That is good news for Alabamians, though state lawmakers continue to hedge their bets as to whether the talk will become reality.T ...
Over the past month, there has been increased discussion amongst Alabama lawmakers about what state government should do with the historic $2 billion revenue surplus it amassed heading into fiscal year 2023. So far, the two main proposals have been u ...
In fiscal year 2022, Alabama’s state government collected over $13 billion in total revenue. It marked the fourth straight year the state has had a revenue surplus of at least $600 million. The $2 billion revenue surplus of 2022 marked a 15% growth c ...
Appearing Friday night on Alabama Public Television’s “Capitol Journal,” State Senate President Pro-Tem Greg Reed (R-Jasper) said that Alabama’s record $2 billion revenue surplus was a “one-time thing” should not be spent like “water through our fing ...
Last Friday marked the end of the 2022 fiscal year. For the Alabama state government, it was another record-breaking year. In 2022 the state took more tax dollars from citizens than ever before, ending the year with a $2 billion revenue surplus. In t ...
The Alabama Jobs Act is set to expire July 31, 2023, meaning that economic incentives could be a major topic of interest during next year’s regular legislative session. The chatter has already begun. Last month, Alabama Secretary of Commerce Greg Can ...
This week, Alabama Political Reporter columnist Joey Kennedy made a patently false attack against the Alabama Policy Institute (API). His main claim was that API's proposed $750 million in tax cuts would only benefit the "rich and weird." Kennedy' ...
As summer turns to fall, the drumbeat for the Alabama Legislature to enact meaningful tax reform legislation has picked up its pace. But there is still no action — only discussion of temporary relief and the same old excuses as to why long-term refor ...
“I think they deserve it.” That is what House Majority Leader Nathaniel Ledbetter (R-Rainsville) said last week when asked about the possibility of using state government’s record revenue surplus to provide Alabamians with a one-time tax rebate.And h ...
Thirty-two states have enacted some form of tax relief for citizens in 2022. Missouri is poised to become the 33rd. And it is not just red states providing relief. Earlier this year, Illinois enacted billions of dollars in savings for taxpayers. I ...
