Shock: Several 'blue' states are cutting taxes on the rich to spur growth.

Investor's Business Daily ^ | 08/14/2014 | IBD Staff

[IBD editorial writer]

Tax Reform: A new report finds several states that helped elect President Obama are doing something he won't — implementing pro-growth tax policies to get their economies moving. Is the White House paying attention?

You wouldn't expect a solidly blue state like Maryland — which hasn't voted for a Republican presidential candidate since Reagan — to be cutting taxes for the rich.

But in their last legislative session, Maryland lawmakers passed a plan to raise the estate tax exemption almost fivefold over the next five years, according to the latest annual "Rich States, Poor States" report from the American Legislative Exchange Council.

New Jersey, too, is considering reforms to its estate tax...

[Izzy Dunne]

to raise the estate tax exemption a

This exemption gets raised and lowered all the time, on the whim of politicians. To have any real effect, it needs to be stable, but fat chance of that.

[july4thfreedomfoundation]

It should be called, “Cutting taxes for the productive class,” not the “rich.”