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What to Know: One analyst says states who just saw their lawsuit against the Trump tax cuts thrown out should consider an alternativeâlower taxes.
The TPPF Take: The Trump tax cuts mean that low-tax states are no longer subsidizing high-tax state revenues.
âNew York, California, and the rest of the high-tax states can cut taxes and spend lessâor not,â says TPPFâs Chuck DeVore. âEither way, itâs their choice in our federal system. That jobs and opportunity flow to those states where entrepreneurs, small business owners, and prudent risk takers can keep a little more of their money as they create jobs, is their choice too.â