How the Bush Tax Cuts Affect State Revenues

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Less than one month from now, federal tax cuts pushed through by President George W. Bush are scheduled to expire—and Congressional tax writers have spent much of this year debating how these tax cuts should be extended. This debate has huge implications for the nation’s fiscal health, but also has often-overlooked implications for state revenues. This policy brief discusses the ways in which the resolution of the debate over the Bush tax cuts could affect state tax revenues in coming years.

Read the Full Report (PDF)