3 The Fight for Fair Revenue New Top Brackets - CT, DE, HI, NC, NJ, NY, OR, WI Reform Capital Gains – CO, RI, VT Business Taxes – DE, IA, KS, MD, NH, NV, NY, OR, TN, VA, WI Other states increased sales taxes and other fees
2 Starve the Beast- pit education against health against social services against public safety advocates Cut taxes on wealthy and corporations, increase relative burden on middle class Feed voter tax revolts based on tax burden and tell voters across-the- board tax cuts are only solution Rightwing Anti-Tax Strategy
18 Debunking Idea States Raising Taxes Lost Growth States that enacted large tax increases between 2002 and 2004 – increasing state revenues by at least 5% – subsequently experienced stronger average growth in personal income than states that did not increase taxes at all. The Wealthy Don't Leave High-Income Tax States: From 2004 to 2006, following California s passing new rate of 10.3% on income over $1,000,000, there was a 38% increase in the number of millionaires in the State. Number of New Jersey half-millionaires grew by 70% after increasing top rate from 6.37% to 8.97% in 2002, from 26,000 in 2002 to 44,000 in 2006. New York had comparable increase after temporarily raising income tax rates earlier in the decade, from 250,000 in 2003 to over 325,000 in 2005, representing a 30% growth.