Will your state taxes go up? How legislatures are leaning.
On the right:
- Kansas Gov. Sam Brownback (R) is proposing reductions to personal income taxes for the second year in a row, despite the fact that last year’s tax cuts put a $700 million hole in the budget.
- Louisiana Gov. Bobby Jindal (R) wants to eliminate all personal and corporate income tax this year while keeping the sales tax as low as possible. In the coming weeks, he will meet with legislators to work out the details of his plan prior to the legislative session in April.
- Gov. Dave Heineman (R) of Nebraska is proposing similar measures. He proposed that the state close business sales tax exemptions, accounting for $5 billion revenue losses per year, which he said will pave the way for the elimination of individual and corporate income taxes.
- North Carolina’s Senate President Phil Berger (R) is considering a proposal that would eliminate income taxes while increasing sales taxes, especially on services.