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Homefiscal policy

Posts tagged: fiscal policy

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Lawmakers must use historic surplus to protect Alabamians, not protect government

October 27, 2022
by Justin Bogie EditorialsFiscal Policy

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 ...

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Alabamians deserve permanent tax relief, not just a one-time check

October 19, 2022
by Justin Bogie EditorialsFiscal Policy

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 ...

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Permanent tax relief is ‘very important’ to Alabamians

October 12, 2022
by Justin Bogie EditorialsFiscal Policy

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 ...

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Election-Year Expectations Resize

Another ‘record’ surplus in 2022 proves that Alabama can afford historic tax relief

October 10, 2022
by Justin Bogie EditorialsFiscal Policy

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 ...

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Lower taxes, better education are keys to attracting business to Alabama, not incentives

October 3, 2022
by Justin Bogie EditorialsFiscal PolicyUncategorized

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 ...

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APR’s Joey Kennedy wrong about Alabama Policy Institute on tax reform — ‘Flat-out lies’

September 30, 2022
by Caleb Crosby EditorialsFiscal Policy

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' ...

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Revolving Door Resize

State government should enact at least $750 million in permanent tax relief for Alabamians

September 8, 2022
by The Alabama Policy Institute API NewsFiscal PolicyGood Governance

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 ...

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Systemic problems making it difficult to both work in and attract new workers to Alabama

August 29, 2022
by Justin Bogie EditorialsFiscal PolicyGood Governance

At the end of July, Alabama’s labor force participation rate was 57.2%. The national average was 62.1%. Just four states rank below Alabama. When Alabama’s labor participation rate is low, we all pay the price. Businesses continue to struggle with st ...

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State Budget Consolidation Resized

Bold tax reform should be at the top of Alabama lawmakers’ agenda

August 19, 2022
by Justin Bogie EditorialsFiscal Policy

“Alabama budgets are in great shape.” That was the message last week from the Alabama Legislative Services Agency’s deputy director Kirk Fulford to a joint meeting of the legislative budget committees in Montgomery. If you are in favor of growing Ala ...

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