While dysfunction and inaction defined the federal government this past year, many states took matters into their own hands and enacted tax reform legislation to increase their economic competiveness.
A recent report by the American Legislative Exchange Council found that 14 states cut taxes in 2014, compared to 18 states the previous year. The states were: Arizona, Florida, Indiana, Kansas, Maryland, Michigan, Minnesota, Missouri, Nebraska, New York, Ohio, Oklahoma, Rhode Island, and Wisconsin.
Cutting taxes has become a bipartisan priority at the state level. The economic benefits of a simpler, lower, and fairer tax system are clear to both Republicans and Democrats, and states will likely continue to build on their successes.
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DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
So, individually, the states get it!
ReplyDeleteIf we could only wake up the Feds.....
When in the he$$ did Maryland ever cut any taxes in the last 8 years under the O'Malley dictatorship? All I remember is the massive tax increases!
ReplyDelete9:42 - Maryland actually gave a tax break for the TV show...and got a negative return on investment as they contracted the work out to companies in cheaper states.....
ReplyDelete