Trump tax law poised to create windfall for states

Trump tax law poised to create windfall for states   (How will it affect taxpayers if states don’t act quickly) The Hill Reid Wilson 1/09/18 When President Trump signed a massive tax overhaul late last month, congressional Republicans celebrated a job accomplished. But the work is just starting for state legislators, who are likely to see hundreds of millions of dollars in new revenue. Under the new law, budget analysts say taxpayers who receive a break on their federal forms are actually likely to spend more on their state taxes, unless state legislators act. And that’s setting off contentious fights … Continue reading