Idaho Center for Fiscal Policy: House Bill 40 Further Cuts the Income Tax, Disproportionately Benefiting Wealthy Idahoans
ITEP Work in ActionEvery year, Idaho spends millions of tax dollars to make sure families receive a good education, live in safe homes and communities, and enjoy good health. However, over the last several years, the state has passed deep and costly tax rate cuts that make our tax system more regressive- disproportionately burdening Idahoans with the lowest incomes. House Bill 40 continues to perpetuate this trend by providing relief disproportionately to wealthy households.