In addition to our own analysis and research, we want to spread the word about work that others are doing both in Vermont and outside the state that we think is helpful to the policy discussions here in Vermont.
On the 30th anniversary of the 1977 Food Stamp Act, the Center on Budget and Policy Priorities has produced Making America Stronger.
This short film commemorates the 30th anniversary of the of the reforms achieved by the Act by telling the story of how food stamps dramatically reduced the extent of severe hunger in our country, how they continue to help Americans in need, and how this essential program can achieve still more.
Budget would cut deeply into important public services and adversely affect the state.
Vermont would lose $34 million in federal funds in FY-08 alone for a wide range of public services including K-12 education, clean and safe drinking water, and state and local law enforcement under the President's budget, according to a report released on February 21, 2007 by the Center on Budget and Policy Priorities.
Report available at http://www.cbpp.org/2-21-07bud.htm
Discussion paper courtesy of the New England Public Policy Center at the Federal Reserve Bank of Boston, by Darcy Rollins Saas.
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Income of the top fifth has risen more than twice as fast as bottom fifth since early 1980s.
The gap between Vermont's highest-income families and poor and middle-income families grew significantly between the early 1980s and the early 2000s, according to a recent study by the Center on Budget and Policy Priorities and the Economic Policy Institute. The Census-based study, entitled "Pulling Apart: A State-by-State Analysis of Income Trends," is one of the few to examine income inequality at the state as well as national level.
"Pulling Apart" report available at www.epi.org/content.cfm/studies_pulling_apart_2006
Tax credits-over $80 million awarded between 1998 and 2002-contribute to loss of corporate income tax revenue.
The Vermont Economic Advancement Tax Incentives (EATI) program created in 1998 gives businesses tax credits for creating jobs and meeting other statutory criteria. But the Auditor's review found that no one was checking to make sure that jobs were actually being created. Meanwhile, these tax credits reduce state collections from the corporate income tax. During the period reviewed, $9 million had been taken and another $15 million was in carry-forward status.
"Promises to Keep: Recommendations to Strengthen the Performance of Vermont's Economic Advancement Tax Incentives Program" Office of the Vermont State Auditor (February 4, 2003)
Report available at http://auditor.vermont.gov/uploads/1140205256.pdf
(August 21, 2008 editorial with permission from Bennington Bannner)
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(February 19, 2008 editorial with permission from Brattleboro Reformer)
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(December 19, 2007 editorial with permission from Brattleboro Reformer)
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(December 8, 2007 editorial with permission from Brattleboro Reformer)
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(October 14, 2007 editorial with permission from Rutland Herald)
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(September 27, 2007 editorial with permission from Rutland Herald)
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(July 27, 2007 editorial with permission from Burlington Free Press)
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(July 19, 2007 editorial with permission from Burlington Free Press)
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(March 1, 2007 commentary with permission from VPR)
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(January 31, 2007 editorial with permission from Rutland Herald)
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(November 12, 2006 editorial with permission from Rutland Herald)
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(with permission from The Newport Daily Express; August 22, 2008)
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(with permission from The Bennington Banner; August 18, 2008)
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(with permission from Seven Days; October 31, 2007)
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(with permission from Burlington Free Press; July 26, 2007)
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(with permission from Burlington Free Press; January 26, 2007)
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EARN - Economic Analysis and Research Network
Department of Finance and Management