Bloomberg BNA: States Plan Uneasily for Spending, Taxing in Trump’s Shadow
media mention“Too many states are leaning heavily on regressive sales and excise taxes to balance their budgets, or to fund cuts in progressive income taxes and estate taxes,” Carl Davis, Institute on Taxation and Economic Policy’s research director, told Bloomberg BNA.
Raising taxes and cutting spending are the options for states in dire straits. The straightforward options are made difficult, considering the various factors at play.