To: ChicagoConservative27
There are 27 states pushing tax cuts, not just Florida.
Twenty-seven states are weighing tax cuts this year, according to a recent analysis from the left-leaning Institute on Taxation and Economic Policy (ITEP), which termed the push "tax cut fever." Some officials are considering totally eliminating their state income tax, including in Mississippi and Arkansas, while others are floating property tax cuts, among other ideas. The drive to cut state taxes has accelerated during the pandemic. During the past two years, dozens of states reduced their income tax rates or created new tax credits and rebates, partly as their coffers overflowed due to strong economic growth and billions in federal pandemic aid. Yet the latest round of tax cuts comes as the economy is showing signs of stress, raising questions about timing.
Some states are going much further than Florida.
4 posted on
02/08/2023 9:43:03 AM PST by
Hostage
(Article V)
To: Hostage
Really? How many of those states have 0% State income tax?
5 posted on
02/08/2023 9:47:23 AM PST by
TheGunny
To: Hostage
Some states are going much further than Florida. Good! Let's see them compete on the basis of reducing the size, scope, power, and cost of government. Returning to We the People control over our own lives, families, finances, and retirement is a good thing.
8 posted on
02/08/2023 9:53:46 AM PST by
NorthMountain
(... the right of the peopIe to keep and bear arms shall not be infringed)
To: Hostage
“Some states are going much further than Florida.”
Some states have much further to go than Florida.
To: Hostage
Very true!
The big surprise was AZ getting a 2.5% flat tax.
39 posted on
02/08/2023 11:27:20 AM PST by
Zathras
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