As the 2024 legislative season starts, state policymakers again face a critical choice when it comes to tax policy: whether to pursue policies that ensure wealthy households and corporations pay their fair share and that vital public services are funded adequately, or to continue the recent trend of costly, regressive tax cuts that undermine their ability to meet people’s needs or invest in the future. With state revenues weakening and other risk factors on the horizon, states should reject calls for additional tax cuts and instead protect and raise revenues to support public services that help families and communities thrive.
Revenues will increase with business friendly environments and putting more workers on the tax rolls.
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As the 2024 legislative season starts, state policymakers again face a critical choice when it comes to tax policy: whether to pursue policies that ensure wealthy households and corporations pay their fair share and that vital public services are funded adequately, or to continue the recent trend of costly, regressive tax cuts that undermine their ability to meet people’s needs or invest in the future. With state revenues weakening and other risk factors on the horizon, states should reject calls for additional tax cuts and instead protect and raise revenues to support public services that help families and communities thrive.
Revenues will increase with business friendly environments and putting more workers on the tax rolls.