August 6, 2018

Itchy Tax Trigger Finger: Tax Foundation Says Aim Toward Foot

ITEP Work in Action

Accounting for all the possible curveballs the future economy might throw at our state is impossible. That’s why legislators bother coming together every year to assess our budget and make choices based on the best available, most current information. One dubious new style of tax change, “tax triggers”, attempts to base major future tax and revenue changes only on the information we have today. Tax triggers are dangerous and generally work by automatically kicking in a tax cut when revenue or some other metric reaches a certain level.

Read more