Rockefeller Institute and TIAA-CREF Release National Report on Pension Reform
The Nelson A. Rockefeller Institute of Government and national financial services corporation TIAA-CREF today released a joint report on pension reform, an issue that is increasingly dominating consideration of the financial strength of the public sector. Highlighted in the document were evolving workforce demographics and long-term budget pressures. The information presented in the document resulted from a major convening of state and local officials, union leaders and researchers from across the nation, held in 2012.
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Strong Quarter of Tax Revenues; Mounting Fiscal Uncertainties
According to preliminary data, states reported the strongest growth in personal income tax collections since the start of the Great Recession in the first quarter of 2013. However, the growth is uneven across the states, with California leading with the largest share of growth. While state tax revenues continue improvement, the fiscal outlook in most states remains cloudy.
Time Bandits? State Income Taxes Surge in April
Federal “non-withheld” income tax payments surged by 37 percent in April and May of this year—compared to the same months in 2012. This appears to be a one-shot event, as wealthy households cashed out investments in late 2012, before the “fiscal cliff” tax increases went into effect. It also casts a new light on recent increases in state tax revenues. These revenue increases may not persist, and future state revenues are very uncertain.
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From Our Experts...
By Erika Martin
In two just released journal articles in the nationally prominent journals Health Affairs and Public Administration Review, Rockefeller Institute Fellow Dr. Erika Martin and her collaborator Dr. Bruce Schackman, from Weill Cornell Medical College, reveal how the newly adopted Affordable Care Act will change health care delivery for people living with HIV, uncertainty in how state HIV programs need to adapt, and how these effects will differ across states.
By Jason E. Lane and Kevin Kinser
Deputy Director for Research Jason E. Lane and Institute Fellow Kevin Kinser examine the growing reliance by the United States on foreign students and foreign workers to fuel our knowledge economy. They suggest that the recent decline in interest from Chinese students may portend a long-term problem for the nation’s economic vitality if fewer foreign students come to the U.S. for their education.
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