The Tax Cuts and Jobs Act (TCJA) provided hundreds of billions of dollars in tax cuts for American taxpayers and businesses. Naturally, some blue states see this as an opportunity to “pick up the slack” by enacting new tax increases.
The prevailing (and misleading) narratives about the president’s tax cut have led to a wave of “tax the rich” fervor, and Democratic state houses are capitalizing. Blue states across the country have begun to reason that with Uncle Sam pulling slightly less out of taxpayers’ pockets, they can grab a bit more.
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