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.