Where Did All the Tax Revenue Go? The Fiscal Crisis of the States

Political Economy Research Institute -- October 24, 2003

Conference Papers
Elissa Braunstein “Tax Cuts and the Recession in the State Fiscal Crisis”
Frank Mauro "Ideas for Ending the Economic War Between the States”
Robert McIntyre “The Distributional Aspects of State Tax Systems”
Robert Pollin and James Heintz “Evaluation of a Proposal to Reinstate the New York Stock Transfer Tax”
Robert Tannenwald “Are State and Local Revenue Systems Becoming Obsolete? The Role of Interstate Tax Competition”

Conference Program

8:30 - 9:00

Breakfast

9:00 - 10:45

Panel I: The Distribution of State & Local Taxes and the Fiscal Crisis
Elissa Braunstein, PERI, "Tax Cuts and the Recession in the State Fiscal Crisis"
Robert McIntyre, Institute on Taxation and Economic Policy, "The Distributional Aspects of State Tax Systems"
Discussants: Donald Boyd, Rockefeller Institute of Gov., SUNY
Sarah Nolan, SEIU Local 888

10:45 - 11:00

Break

11:00 - 12:45

Panel II: Competition for Corporate Investment
Robert Tannenwald, Federal Reserve Bank of Boston, "Are State and Local Revenue Systems Becoming Obsolete? The Role of Interstate Tax Competition"
Frank Mauro, Fiscal Policy Institute, "Ideas for Ending the Economic War Among the States"
Discussants: Jerry Epstein, PERI
Michael Mazerov, Center on Budget and Policy Priorities

12:45 - 2:00

Roundtable/lunch with elected officials
Chair: David Kotz, UMass Amherst and School Board, City of Northampton
Invited speakers:	U.S. Congressman Richard Neal
	U.S. Congressman John Olver
	State Senator Stan Rosenberg
	State Representative Peter Kocot (*)
	State Representative Ellen Story (*)

2:00 - 3:45

Panel III: Bringing Revenue Back
Robert Pollin & James Heintz, PERI, "Stock Transfer Taxes in New York"
Robert Pollin, PERI, "Reviving the States as a Stimulus Policy"
Max Sawicky, Economic Policy Institute, "Federal Revenue Sharing"
Discussants: Larian Angelo, New York City Council

3:45 - 4:15

Wrap-Up

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