The Tax Foundation was founded in 1937 by a group of prominent businessmen in order to "monitor the tax and spending policies of government agencies". It is generally critical of tax increases and high taxation. The organization is organized into three primary areas of research, carried out by the Foundation's Center for Federal Tax Policy, the Center for State Tax Policy and the Center for Legal Reform. The group is known for its annual reports such as "Facts & Figures: How Does Your State Compare", which was first produced in 1941, and its "Tax Freedom Day" brochures, which it has produced since the early 1970s.