Summary

Nine states cutting income taxes on January 1, 2025: Indiana, Iowa, Louisiana, Mississippi, Missouri, Nebraska, New Mexico, North Carolina, and West Virginia.

Most reductions occur in Republican-led states, with changes like flat tax rates in Iowa (3.8%) and Louisiana (3%).

Democrat-led New Mexico targets middle- and low-income taxpayers.

Proponents argue these cuts enhance economic competitiveness, while critics warn of potential public service impacts.

Several states plan further reductions in coming years.

  • Nyssa Sylvatica@lemmy.world
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    3 days ago

    Louisiana is raising sales taxes as a result, so this effectively is just more switching the tax burden to lower income people.

    • Tiefling IRL
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      2 days ago

      That’s just what the bootlickers want. They’re happy to pay more in taxes as long as it punishes “undesirables”