Trump wants to cut taxes. So do governors and lawmakers in some states

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Trump wants to cut taxes. So do governors and lawmakers in some states
Jim PillenMike KehoeSpencer Cox
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President-elect Donald Trump has proposed trillions of dollars of tax cuts.

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FILE - In this photo provided by the Office of the New York Governor, Governor Kathy Hochul delivers the 2025 State of the State Address, Tuesday, Jan. 14, 2025, in Albany, N.Y. While campaigning last year, Trump proposed to exempt overtime pay, workers' tips and Social Security benefits from federal income taxes. If adopted, those could trigger additional state tax cuts.

But others view things differently. Though down from their peak, revenues in most states"remain strong” and ”well above pre-pandemic levels, even after adjusting for inflation,” said Jared Walczak, vice president of state projects at the nonprofit Tax Foundation.“Overall, states are experiencing tighter budget conditions," said Brian Sigritz, director of state fiscal studies at the National Association of State Budget Officers.

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Jim Pillen Mike Kehoe Spencer Cox Lucy Dadayan Henry Mcmaster Brian P. Kemp Brian Sigritz Andy Beshear Donald Trump Laura Kelly Glenn Youngkin Kathy Hochul Jared Walczak U.S. News Greg Gianforte Kelly Armstrong

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