Pennsylvania- STAMP
“The foundation hired an independent company, Boston-based Beacon Hill Institute to analyze Pennsylvania’s state tax system. Using state government data, Beacon Hill developed a model to predict how collecting more taxes in Pennsylvania would affect the state’s workforce… The study, “Taxing Electronic Commerce in Pennsylvania: What Legislators Should Know,” finds that taxing Pennsylvania consumers for all their remote purchases from 2001 to 2005 could yield the state between $410.4 million and $1.53 billion in new revenues”– but the state would forego as many as 94,794 jobs.”
Central Penn Business Journal
Maryland- STAMP
“…a study sponsored by Maryland Business for Responsive Government that is being released this week models universal health care proposals and contends any such plan will drive thousands of jobs from Maryland to nearby states. The group projects 30,000 to 117,000 jobs could be lost. It also said such measures could mean increased taxation equivalent to a 13 percent to 233 percent jump in the personal income tax.”
The Washington Times
New York City- STAMP
“The study prepared with the assistance of a Boston economist, David G. Tuerck, uses 25 years of data on city tax changes and compares them with dips or increases in employment and other variables. The report suggested that without the tax cuts imposed over the past four years, the employment growth in New York City would most likely have been just under the national average of 0.4 percent. But with more than $2 billion in tax cuts in that period, employment in the city jumped nearly 11 percent.
The New York Times
“…the Manhattan Institute asked the Beacon Hill Institute to develop…NYC-STAMP, [which] measures the impact of New York City tax cuts on the city’s economy – especially on private sector employment…Here’s what we found: Tax reductions since 1997 have generated more than 80,000 new private-sector jobs…More than 6,500 new jobs will be generated by tax cuts that were included in the city’s fiscal 2002 budget…And nearly 15,000 more jobs could be added to New York’s employment base by eliminating what’s left of the personal-income-tax surcharge.”
New York Post
Georgia- STAMP
“[On the proposed increase in tobacco taxes] Dwight Lee, professor of economics and the Ramsey Chair of Private Enterprise at the University of Georgia suggests they will raise some revenue no doubt about it but it will be less than they anticipate.’ Lee’s assertion is supported by the Beacon Hill Institute in Boston, which recently released a sophisticated analysis of the impact of the tobacco tax increase on Georgia. Using a State Tax Analysis Modeling Program, which predicts scenarios based on the state’s tax and historical economic data, the institute found that if the legislation is approved, the state would net just $290.5 million in cigarette taxes in fiscal 2004, not nearly the $311 million the government is hoping for.”
Rome (Georgia) News Tribune
Wisconsin- STAMP
“The Wisconsin Policy Research Institute used computer simulations at Suffolk University in Boston to predict the effects of raising both the sales and income tax to fill a $1.6 billion hole in the budget’s first year. If lawmakers raise the sales tax from 5 percent to 7.4 percent, the state would bring in $160 million in additional revenue in the first budget year, enough to fill the deficit, the study found. But the sales tax increase would cost 55,514 jobs as it drains money from the economy, said economist David Tuerck who led the simulation.”
Portage (WI) Daily Register
Introducing STAMP
The Economics of STAMP
How STAMP works
The CGE team
STAMP in the states
