Kim Rueben

Kim Rueben is a Senior Fellow with the Tax Policy Center. Rueben examines issues of state and local public finance focusing on state budget issues, intergovernmental relations, municipal bond markets, capital markets and the economics of education. She is also an adjunct fellow at the Public Policy Institute of California.

What Can We Learn from Obama’s Failure to Curb Sec. 529 College Savings Accounts ?

By :: February 2nd, 2015

The President’s budget includes a long list of tax changes including at least one that he has already disavowed: his plan to limit the tax exemption of withdrawals from 529 college savings accounts. The proposal—which would have collected about $1 billion over the next decade—was pilloried from the left and the right as a tax […]

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What Will Next Week’s State Ballot Measures Tell Us About Taxes?

By :: October 31st, 2014

While most national attention is focused on which party will control the Senate and who will win the 36 gubernatorial races, many states also have fiscal initiatives on their ballots. And a few may provide some clues to how the public feels about the trade-off between taxes and government services. Many of the 16 tax-related […]

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Does Income Inequality Really Hurt State Tax Revenues?

By :: September 19th, 2014

This week the rating agency Standard and Poor’s got a lot of attention for a study that concluded that rising income inequality is damaging state tax revenues. Well, state tax revenue growth has slowed in recent decades and income inequality has grown. But the story is far more complicated than S&P suggests. Worse, I fear […]

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Washington DC’s Tax Revision Commission Plan

By :: March 21st, 2014

Last year, I had the privilege of serving on the District of Columbia’s Tax Revision Commission, chaired by former mayor Tony Williams. On Monday, the Tax Policy Center will host a panel to discuss our broad-based effort to rework DC’s often unwieldy revenue system. To prepare, I looked more closely at how the personal income […]

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Detroit’s bankruptcy: What does it mean for other cities?

By :: July 19th, 2013

Detroit filed for Chapter 9 bankruptcy protection yesterday, giving it the dubious distinction of being the largest municipal bankruptcy ever. By doing so, the city has put its future—and that of its citizens, employees, retirees, bondholders, and other creditors– in the hands of a federal judge. How did the Motor City get to this sad […]

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Andrew Cuomo’s Lesson in What Not to do With Rising Tax Revenues

By :: June 19th, 2013

After years of grim revenue news, state tax collections are surging. As they do, governors and state legislators are making decisions about how to manage the unfamiliar windfall. Some governors, including California’s Jerry Brown, are husbanding resources, trying to hold down spending and paying down one-time debts. Others, such as New York’s Andrew Cuomo, are […]

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Better Ways Federal Financial Aid Can Help College Students

By :: February 28th, 2013

Earlier this week, my Tax Policy Center colleague Elaine Maag blogged about proposals by the Center for Law and Social Policy (CLASP) to improve federal assistance for low-income college students, including better targeting of higher education tax credits. But there may be even more effective ways to help these students. One idea: Cut back on […]

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Do Higher Education Tax Credits Make Sense?

By :: July 27th, 2012

Higher education is a good investment, even though some new grads currently struggling to get jobs don’t think so. But does it make sense for the federal government to subsidize college with both tax incentives and direct grants? And if it doesn’t, which program should it dump? There is a strong case that the government […]

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What Tax Reform Means for State and Local Tax and Fiscal Policy

By :: April 25th, 2012

In testimony before the Senate Committee on Finance this morning, I discussed what federal tax reform would mean for state and local governments and how Congress could help by coordinating tax law across states. Here are my opening remarks. You can find my full testimony here. With increasing concerns about the federal deficit, fairness, and the […]

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A Tale of Two States

By :: December 21st, 2011

With apologies to Charles Dickens, I’d like to tell a Tale of Two States. Earlier this month, on December 5, California Governor Jerry Brown and New York Governor Andrew Cuomo both announced that, even though state revenues in general were rebounding, they were both facing budget shortfalls.  This isn’t totally surprising since earlier in the […]

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