View Research by Author - David L. Gunter

Publications

President Bush has proposed to eliminate individual income tax on most stock dividends and both houses of Congress have passed bills that would reduce or eliminate taxes on dividends, at least temporarily. This column looks at who has stock dividends and how dividend income is distributed.

State governments have historically taken the lead in financing higher education. Over the past twenty years, however, state support for higher education has gradually waned, with the share of higher education expenditures subsidized by state appropriations declining. In this paper, we use state-level data on expenditures since 1977 to study the forces underlying the shift in state financing. More specifically, we examine interactions between state appropriations for higher education, other state budget items (especially Medicaid), and the business cycle.

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