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At Least States Are Cutting Taxes

Here’s a cheerful chart to kick off 2023 from our friend Dan Clifton at Strategas.

The Tax Foundation reports:

On January 1, 2023, thirty-eight states have noteworthy tax changes taking effect. Most of these changes represent net tax reductions, the result of an unprecedented wave of rate reductions and other tax cuts in the past two years as states respond to burgeoning revenues, greater tax competition in an era of enhanced mobility.

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