Challenges to State Revenue Structures & Responses
to Revenue Reductions
Thursday, April 14, 1 p.m. EDT
State tax systems have been criticized as being overly complex and difficult to decipher. They suffer from three serious structural flaws: misaligned state sales taxes, a lack of aggressive e-commerce tax revenue and too many exemptions. Add to this the ongoing challenge of state budgets continuing to falter with record gaps in 2011 and the requirement to balance the budgets in nearly all states. As a result, most states have enacted serious cuts in state expenditures to deal with their revenue fallouts. Learn about innovative ideas enabling states to restructure their tax codes, explore new revenue generation models and the ways some states are reaching budget equilibrium.
Richard D. Pomp, Alva P. Loiselle Professor of Law, University of Connecticut
View Bio >>
Rep. Jim Fannin, Louisiana View Bio >>
Kevin Lembo, Connecticut state comptroller View Bio >>
Richard D. Pomp is the Alva P. Loiselle Professor of Law at the University of Connecticut. From 1981 to 1987, Pomp was director of the New York Tax Study Commission, a period during which New York restructured its personal and corporate income tax, and created an independent tax tribunal. Pomp serves as an expert witness in various courts throughout the country and as a litigation consultant to law firms, corporations, accounting firms and state tax administrations. He has participated in various capacities in Supreme Court litigation. Pomp has also served as a consultant to states and is the co-author of the leading casebook on state taxation. He has been described as, "the most knowledgeable person on state corporate income taxation in the country" (28 State Tax Notes 353).
Representative Jim Fannin is the chairman of the Appropriations Committee of the Louisiana House of Representatives. He is a former educator and active businessman in Jonesboro, the seat of Jackson Parish in north Louisiana. In 2003, Fannin was elected to represent House District 13 and he is also the chairman of the Louisiana Rural Caucus.