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' ...
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 ...
Systemic problems making it difficult to both work in and attract new workers to Alabama
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 ...
Bold tax reform should be at the top of Alabama lawmakers’ agenda
“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 ...