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Dr. Yandle joins us again to discuss the latest news in the economy as 2010 kicks-off and trends happening in the states. As the economy continues to give mixed signs of recovery, Dr. Yandle discusses the role of the states in this recovery and the top significant economic trends.
Dr. Bruce Yandle is a Professor Emeritus and the BB&T Scholar at Clemson University, where he has been a faculty member since 1969. From 1976 to 1978, he was a senior economist on the staff of the President’s Council on Wage and Price Stability, where he reviewed and analyzed newly proposed regulations. In addition, Dr. Yandle was executive director of the Federal Trade Commission and is the author or co-author of numerous books and articles. He received his Ph.D. and M.B.A. from Georgia State University and his A.B. degree from Mercer University.
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Massachusetts like most states grappled with a significant decline in revenue (2.5 billion in MA) in 2009. Despite efforts by way of spending cuts and tax increases to create a sustainable 2010 budget in Massachusetts, there is still a 600 billion gap. In reaction to this volatile cycle, the Beacon Hill Institute has put forth recommendations in their recent publication “Massachusetts Fiscal Policy: The Legend v. the Facts” on how states can move away from relying on forecasting tax revenues, which are unstable in recessions and economic downturns, and enact reforms to eliminate a structural deficit.
Joining us to talk about this project is Paul Bachman, Director of Research for the Beacon Hill Institute. Mr. Bachman shares how the Institute conducted this research project and offers specific recommendations that all states can enact to cure these budget woes.
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Several states are facing huge structural budget deficits as they come back to their state capitols this month. In the past year several states raised taxes to deal with budget gaps. These taxes were generally on minority groups such as high-income earners, smokers, out-of-state business transactions, or other targeted groups. In this podcast we discuss some of the trends in taxation from 2009, what to expect in state taxes in 2010 and what are sustainable options for states to balance their budget with declining revenues due to the economic downturn.
Joining the podcast to discuss these issues is Joe Henchman of the Tax Foundation. Mr. Henchman, is the Tax Counsel and Director of State Projects at the Tax Foundation in Washington DC.
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Joe Henchman joining us to discuss some of the tax trends in the states in 2009 and what we can expect in tax policy from state legislatures as they begin to deal with their budget woes. Mr. Henchman is the Tax Counsel and Director of State Projects at the Tax Foundation here in Washington DC. Welcome Joe
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StimulusWatch.org, the website that has attracted over 3 million visitors, has recently re-launched. While the original site featured proposed stimulus projects taken from the U.S. Conference of Mayors survey, the new version contains actual stimulus spending in your neighborhood from the information recently released by recovery.gov.
In this podcast we discuss: how to find stimulus projects in your community, phantom districts, and interesting ways to use the data provided on the site.
Joining us to discuss this innovative website is one of the creators, Jerry Brito. Brito is a senior research fellow at the Mercatus Center at George Mason University, and director of its Technology Policy Program. He also serves as adjunct professor of law at George Mason University. His research focuses on technology and telecommunications policy, government transparency and accountability, and the regulatory process. Jerry is the also creator of OpenRegs.com, an alternative interface to the federal government’s regulatory docketing system.
Please visit www.stimluswatch.org and comment on projects in your neighborhood!
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