US states slashed broad-based taxes as budget surpluses soared, but fiscal challenges loom in 2024
Fox News
Almost every U.S. state has cut taxes in some way in the past three years, but that trend may be slowing as many states head into their 2024 legislative sessions.
Though even more tax cuts are likely, the trend may be slowing as 2024 legislative sessions begin. That's because the pandemic-era revenue surge fueled by federal spending and inflation now is receding and, in some states, even reversing into negative numbers.
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