February 26, 2018

Associated Press: GOP Tax Law Boosts Income Taxes, Budgets in Some States

media mention

The Republican tax overhaul is giving most Americans a break on their federal income taxes. But fallout from the same law means many people could actually see their state income taxes rise.  For some state governments, the prospect of getting more revenue without actively raising taxes is almost too good to be true, but it also forces Republican governors and lawmakers into a corner. Do they stay true to the party’s long-standing tax-cut philosophy or keep the extra money rolling in to address their states’ budget gaps and other spending priorities?  Read more