States Cut Income Taxes, Boosting Economy & Competition

Nine U.S. states, including Indiana, Kentucky, and Oklahoma, are reducing income tax rates starting January 1st, potentially boosting taxpayers pockets. These changes, driven by pandemic-era budget surpluses, aim to stimulate economic growth and attract businesses. However, critics warn of potential funding cuts for public services. States like Mississippi plan even more significant cuts, setting the stage for a lower-tax competition landscape. Checkout Solipillow.comThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.