Vermont Public Radio: Business Leaders Mount Campaign Against Plan to Limit Tax Deductions
media mentionCarl Davis is a senior analyst at the Institute on Taxation and Economic Policy, a Washington, D.C., based research group that analyzes federal, state and local tax policies. Davis, who lives in Vermont, says there’s no reason to think Vermont would suffer any competitive disadvantage if it goes through with the plan.
“Massachusetts, Connecticut and Rhode Island – these states don’t have any itemized deductions at all right now, or if you look at Maine, they have a very similar cap on their itemized deductions,” Davis says. “And that’s the way that a lot of other states are moving, North Carolina and Kansas and Hawaii.”