President Biden is still pushing for big tax increases. But this segment of What’s Ahead points out that the mood of the country is increasingly hostile to the idea. This is one reason that a growing number of states are moving to eliminate or sharply reduce their income taxes.
Republican candidates should aggressively promote the idea of big tax cuts in this fall’s elections.
Not all states are getting the message, however. California legislators are pushing a healthcare bill that will trigger the biggest state tax increase in American history.