As Governor Kay Ivey prepares to enter her second full term in office, could permanent tax relief finally be in the cards for Alabamians? The answer is, maybe, but it still seems unlikely that sweeping tax reforms for citizens are on the horizon. ...
Grocery and other permanent tax cuts ‘on the table’ in 2023, but lawmakers should think bolder
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 ...
Lawmakers must use historic surplus to protect Alabamians, not protect government
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 ...
Alabamians deserve permanent tax relief, not just a one-time check
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 ...
Permanent tax relief is ‘very important’ to Alabamians
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 ...
Another ‘record’ surplus in 2022 proves that Alabama can afford historic tax relief
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 ...
Lower taxes, better education are keys to attracting business to Alabama, not incentives
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 ...
APR’s Joey Kennedy wrong about Alabama Policy Institute on tax reform — ‘Flat-out lies’
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' ...
API calls on AL legislature to enact $750 million in permanent tax cuts
Birmingham, Ala. - Today (September 8th, 2022) the Alabama Policy Institute (API) calls on Governor Kay Ivey and the Alabama Legislature to take immediate action to enact a minimum of $750 million in permanent tax cuts for citizens. This action is pa ...
State government should enact at least $750 million in permanent tax relief for Alabamians
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 ...