Alabama's state and local tax collections would increase by more than $30 million a year under the immigration reform bill that passed in the U.S. Senate, according to a new study by the Institute on Taxation and Economic Policy (ITEP). The bill also would decrease the federal deficit and boost undocumented immigrants' state and local tax contributions by more than $2 billion nationwide, ITEP finds.
"Undocumented immigrants already pay sales and property taxes in Alabama when they buy things or pay rent," ACPP executive director Kimble Forrister said. "Their share would go up even more under immigration reform. The Senate bill would mean more revenue and stronger growth for our state's economy."
For most of us, the monthly electric bill is a fact of life. Though its share of the household budget falls with consumption, electricity ranks with water, food and shelter as an essential expense. Meeting this demand in homes and businesses across Alabama requires production and distribution on an enormous scale. Because of the unusual relationship between a "captive" market and what is often a single producer, states regulate power companies differently from most other commercial operations.
This fact sheet by ACPP policy analyst Stephen Stetson examines regulation of Alabama's largest utility company, with a focus on transparency in the rate-setting process.
About 38,000 Alabama families with current or former members of the armed forces benefit from the Earned Income Tax Credit (EITC) or the low-income component of the Child Tax Credit, according to a new report by the Center on Budget and Policy Priorities (CBPP). The credits improve economic security for these families and help boost their children's school performance and future job prospects.
"Our service members and veterans have answered the call of duty, and it's our duty to make sure they can provide for their families back home," ACPP executive director Kimble Forrister said. "Through worker credits like the EITC and the Child Tax Credit we can help young families make ends meet."
Alabama's cuts to state higher education funding since the start of the Great Recession have been the nation's sixth worst, according to a recent study released by the Center on Budget and Policy Priorities (CBPP), a nonprofit policy research organization based in Washington, D.C. The funding reductions have fueled tuition increases of more than 50 percent and could endanger Alabama's economic future, ACPP executive director Kimble Forrister said.