RESEARCH AND COMMENTARY: LOWERING IDAHO’S CORPORATE TAX RATE.

States News Service September 19, 2011 CHICAGO, IL — The following information was released by the Heartland Institute:

Many business and civic groups, including the Idaho Chamber Alliance, have recommended reducing the state’s 7.6 percent corporate income tax rate. Currently, Idaho’s corporate tax rate is the 23rd highest in the nation and one of the highest in the region. Neighboring Nevada, Washington, and Wyoming have no corporate income tax, and rates in border states Utah and Montana are considerably more competitive, at 5 and 6.75 percent, respectively.

Reform advocates contend the state’s corporate tax rate has precluded it from consideration for economic development projects. Opponents of a tax cut are calling instead for greater spending on government services such as education.

The Organization for Economic Cooperation and Development (OECD) cites the corporate income tax as the most economically harmful of all taxes. A report from the Tax Foundation notes, “the taxes paid by businesses should be a concern to everyone because they are ultimately borne by individuals through lower wages, increased prices, and decreased shareholder value.” A Tax Foundation study found that in 2007 the average household was burdened by $3,190 in corporate income taxes. The corporate income tax often accounts for a larger share of the total tax burden for the poorest 20 percent of households than the individual income tax.

Corporate tax revenues are highly unstable because corporate profits are strongly influenced by economic booms and busts. The Rockefeller Institute for Government estimates corporate taxes constitute only about 7 percent of all state tax collections-revenue that could be replaced fairly easily with spending cuts and increased economic activity as a result of a more attractive business climate. corporatetaxratenow.com corporate tax rate

A phased decrease beginning in tax year 2012 could help bring business and growth to Idaho, and a $179 million budget surplus forecast for next July makes this a prime opportunity for such a tax cut. One plan for lowering corporate tax rates in Idaho involves scaling back the $1.7 billion Idaho issues annually in sales tax exemptions. The measure would make for a more competitive business environment, promoting innovation and growth instead of subsidizing certain industries and individual businesses. A reduction in Idaho’s corporate tax rate is a necessary precursor to increased economic growth for the state.

The following documents offer insight into Idaho tax reform and the detrimental effects of high corporate tax rates.

Ten Principles of State Fiscal Policy This booklet provides policymakers and civic and business leaders with a highly condensed yet easy-to-read guide to state fiscal policy matters. It presents the ten most important principles of sound fiscal policy, from “Above all else: Keep taxes low” to “Protect state employees from politics.” 2011 State Business Tax Climate Index This comprehensive report from the Tax Foundation offers state-by-state comparisons of tax policy and their implications for state competitiveness and business climates. in our site corporate tax rate

What Do Corporate Income Taxes Cost American Families?

A Tax Foundation “Tax Watch” document provides surprising statistics about the burden of corporate taxes on American households-the poorest 20 percent in particular.

Idaho Chamber Alliance The Idaho Chamber Alliance details individual chamber policy positions, including those on corporate income tax reduction.

Why the U.S. Should Cut its Corporate Tax Rate John Nothdurft of The Heartland Institute outlines the negative effects of high federal corporate tax rates and cites the merits of reduction.

The Right Way to Cut Corporate Tax Rates The Idaho Statesman advocates cutting sales tax exemptions to pay for reductions in the corporate sales tax rate.

Corporations Don’t Pay Taxes, People Do The Tax Foundation’s Stephen Slivinski explains why the corporate income tax is “one of the most burdensome and economically inefficient taxes in the federal/state tax code.” Business Tax Cuts Pass in Michigan but Falter Elsewhere This Stateline article describes provisions of Michigan’s recent corporate tax cuts, and notes successes and failures of similar measures across the United States.

Movie review sites.(Link-Up @ Home: Your Personal Guide to the Web)

Information Today September 1, 2006 | Pack, Thomas “Critics’ clout has gone down,” according to movie reviewer Harry Kloman in an article in USA TODAY (May 31, 2006). “With the advent of new media and the Internet, studios know they can reach the audience they want to reach. They don’t need us for big movies.” The article (“A Teflon summer season?” by Scott Bowles) pointed out that even though critics panned several summer movies, the flicks were doing quite well at the box office.

A large segment of the movie-going audience seems to blithely accept whatever summer fare Hollywood produces. To get those patrons into theater seats, the studios only have to put out the word through the Internet and other marketing channels that their movie is the next big, noisy, star-studded blockbuster.

The USA TODAY article said that critics still matter “for smaller movies.” Of course, some moviegoers prefer smaller, quieter, more thoughtful films, but they also like thrillers, action-adventure potboilers, romantic comedies, and even the occasional horror flick, as long as the movies have interesting characters and don’t insult our intelligence too much. We simply don’t have the time or money to spend on fluff, unless it’s high-quality fluff.

For us, the advent of the Internet is more of a boon than it is to the studios. As they flex their marketing muscles to reach uncritical audiences, we can avoid their grasp by visiting a few of the hundreds of Web sites that offer to guide us to movies worth our time and our box-office bucks.

Your Friend, the Critic Reviewing the book American Movie Critic for The New York Times, Clive James said that “since all of us are deeply learned experts on the movies even when we don’t know much about anything else, people wishing to make their mark as movie critics must either be able to express opinions like ours better than we can, or else they must be in charge of a big idea, preferably one that can be dignified by being called a theory.” James also noted that the critics “without theories write better. You already knew that your friend who’s so funny about the Star Wars tradition of frightful hairstyles for women (in the corrected sequence of sequel and prequel, Natalie Portman must have passed the bad-hair gene down to Carrie Fisher) is much less boring than your other friend who can tell you how science fiction movies mirror the dynamics of American imperialism.” The friend/reviewer who doesn’t bore me is Roger Ebert. He’s plainspoken, but he expresses opinions (such as mine) better than I can, and I almost always agree with the direction in which he points his thumb. He’s like a friend who has promised to be ever vigilant about getting me the most bang for my box-office buck. this web site hairstyles for women

But Ebert does inject just enough theory–just the right amount of observation on the ways in which movies reflect and explore big issues–to bring a bit of weight to even the fluffiest of flicks.

For instance, after pointing out that actor Cameron Bright has “large dark eyes and ominously sober features that make you think he might grow up to become chairman of the Federal Reserve, or a serial killer,” Ebert’s review of X-Men: The Last Stand, noted that the film (when it isn’t “distracted by the need to be an action movie”) raises questions about numerous political and social issues, including “abortion, gun control, stem cell research, the ‘gay gene,’ and the Minutemen.” Ebert added that “‘curing’ mutants is obviously a form of genetic engineering, and stirs thoughts of ‘cures’ for many other conditions humans are born with, which could be loosely defined as anything that prevents you from being just like George or Georgette Clooney. The fact is, most people grow accustomed to the hands they’ve been dealt and rather resent the opportunity to become ‘normal.’ (Normal in this context is whatever makes you more like them and less like yourself.)” All the Reviews Fit to Print And, of course, you get The Times’ insightful, often witty reviews of recent releases. In a review of The Da Vinci Code, A. O. Scott pointed out that actress Audrey Tautou, “determined to ensure that her name will never again come up in an Internet search for the word ‘gamine,’ affects a look of worried fatigue.” He also noted that “not even a glimmer of eroticism flickers” between the stars of the film–Tautou and Tom Hanks–but “perhaps it’s just as well. When a cryptographer and a symbologist get together, it usually ends in tears.” Besides the printed reviews, The New York Times site also offers Movie Minutes–short, video-based reviews that include scenes from movie trailers. here hairstyles for women

How to Avoid Rotten Fruit A movie must have a minimum of five ratings from Approved Tomatometer Critics to be listed on the Tomatometer, which means that many older movies aren’t reviewed on the site. “We’re working on fixing this,” according to the site’s editors.

A good example of the tone and tenor of the site is found in Teddy Blanks’ review of the film Husbands. According to Blanks, director John Cassavetes “worked hard to make his pictures as frustrating to their audiences as they are” and the director “would mock, confuse, and torment his actors until their faces settled into an expression he was interested in filming.” Not Coming to a Theater Near You also offers A Guide to Twin Peaks, which asserts that the show “single-handedly enabled the television drama to branch out of the temporary mainstream and into the arena of art.” by THOMAS PACK Pack, Thomas