Despite President Obama’s calls for federal tax hikes for the rich (which do little to help the middle class), states are taking another path. Stephen Moore in the Wall Street Journal reports that twenty state governors are planning their own state tax relief initiatives, including a few who wish to eliminate their state’s income tax altogether, in order to compete with their neighborhood the global economy. This is what I call real middle class economics. Is the administration listening?
To find out how your state fares on taxes compared to other states, visit the NCPA’s State Tax Calculator.