A new study offers the best data to date on how much the tax exemption on municipal bonds, which are often used to finance sports stadiums, saves state and local governments.
A surprising look at who owns and who benefits the most from tax-exempt debt.
Fiscally and politically troubled states can solve some of their money problems by increasing cigarette taxes, but it’s no long-term solution. Here's why.
Taxing alcohol, tobacco and gambling isn't a good long-term revenue source. But states do it anyway.