Tax Policy Center

state tax cuts

State and Local Issues: TaxVox
As states navigate an uncertain fiscal future , a lot of budget commentators will justifiably note that nearly every state cut taxes during the last few revenue boom years. But most states also stocked a lot of money into their savings accounts over the past three years – and this may help them weather forthcoming budget storms.
September 6, 2023Aravind Boddupalli
State and Local Issues: TaxVox
With more fiscal data coming in, the long-term health of state budgets looks murky. After a run up in 2022 , preliminary data show a...
August 4, 2023Lucy Dadayan
State and Local Issues: TaxVox
From the start of calendar year 2021 to today, 48 states and the District of Columbia have cut taxes. The only holdouts are Alaska and...
July 20, 2023Richard C. Auxier
State and Local Issues: TaxVox
The past two years were a great time to make state tax policy. Booming revenue collections combined with hundreds of billions of dollars from Congress...
February 2, 2023Richard C. Auxier
Federal Budget and Economy: TaxVox
Note To Governors: Cutting Taxes May Make Inflation Worse Even as Republican governors blast President Biden and congressional Democrats for both causing inflation and failing...
March 15, 2022Howard Gleckman
State and Local Issues: TaxVox
A few weeks into their 2022 legislative sessions, the question in most state capitols across the country—from Connecticut to Utah —is not whether to cut...
February 9, 2022Richard C. Auxier
: TaxVox
Forty years ago, California voters were sent a 63-page pamphlet explaining the 13 questions on the primary ballot that June. At the end of the...
June 21, 2018Kim S. RuebenRichard C. Auxier
: TaxVox
In red states like Oklahoma , Kentucky , and West Virginia , teachers forced legislators to confront how low-tax policies have starved their education systems...
April 20, 2018Vanessa Williamson
Individual Taxes: TaxVox
Ever since the 1970s, when Jude Wanniski and Arthur Laffer came up with the ideas that are now referred to as supply-side economics, conservative politicians have been unable to resist the siren song of tax cuts for big earners. In recent years, this enthusiasm has spread to state governments led
July 29, 2015William G. Gale
: Daily Deduction
Will cuts to a state’s top income tax rate boost growth? Not necessarily. In a new TPC paper , Bill Gale, Aaron Krupkin, and Kim Rueben find little evidence linking state-level economic growth and taxes, especially income tax policy. Neither tax revenues nor top income tax rates have a steady
May 4, 2015Renu Zaretsky