State Lawmakers Should Break the 2023 Tax Cut Fever Before It’s Too Late

Institute on Taxation and Economic Policy·Jan 18

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Some states are implementing or considering tax cuts, with 14 states cutting individual income taxes in 2024. There is debate over the impact of these tax cuts, with some arguing they are leading to revenue decline. The effects and beneficiaries of the tax cuts are being scrutinized, with some calling for a reversal of the trend.

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View original report at Institute on Taxation and Economic Policy ↗

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State Lawmakers Should Break the 2023 Tax Cut Fever Before It’s Too Late

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14 states are cutting individual income taxes in 2024. Here are where taxpayers are getting a break.