March 23, 2026
“The Trump administration’s actions over the last year are a big part of what’s making these revenue raising plans necessary at the state level”, said Matt Gardner, senior fellow at the Institute on Taxation and Economic Policy. The 2025 federal tax law cuts state funds for Medicaid and gives the wealthiest 1% in the U.S. tax cuts totaling $1 trillion over the next decade, according to ITEP research.
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