States can offer a lesson as GOP proposes deep cut taxes

     (AP) – President-elect Donald Trump and congressional
Republicans have pledged to cut federal taxes to boost the economy. But some
GOP-controlled states have already adopted similar strategies, only to see
growth falter and budget gaps widen.
     The situation is particularly worrisome in Kansas, Oklahoma and Indiana, where
lawmakers are now debating whether to reverse course and raise taxes. And in
states that have seen expanded Republican control, such as Arkansas and Iowa,
political leaders are signaling caution about any new tax-cut proposals.
     The reforms show that tax changes always carry an element of uncertainty –
about the economy, government needs and even the prices of commodities such as
oil. Although the federal and state tax systems are significantly different,
both are subject to forces beyond lawmakers' control.

   

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