2:30 - 3:30 PM CST | Union League Club of Chicago, IL
How states obtain revenue has come under more intense scrutiny due to the COVID-19 pandemic. State governments are evaluating the trade-offs associated with different tax revenue sources to decide how to best fund growing expenses while limiting taxpayer burdens in a difficult economy. Individual income tax and sales tax remain heavily relied on while excise taxes, such as taxes on recreational marijuana, sports betting and sweetened beverages, may have a growing allure since they are narrowly imposed and often on products generally considered harmful.
In this debate-style session, David and his co-presenter Carol Portman will hash out the merits of different revenue sources, give state examples that have succeeded as well as those that have failed and share the latest state policy proposals.