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CBPP Releases 50-State Ranking of Revenue Losers if President Bush’s Tax Cuts Are Enacted

Cbpp_2 The Center on Budget and Policy Priorities has released Tax Cuts Proposed in President’s Budget Would Ultimately Cause Large State Revenue Losses, by Iris J. Lay:

The fiscal year 2007 budget that the President submitted on February 6 includes large proposed new tax cuts. At least 16 of the tax-cut provisions proposed in the budget would affect state revenues, causing states to lose as much as $38 billion over the next ten years. Of the 16 provisions that would affect state revenue, 13 would reduce revenue while three would result in very small state revenue gains. Among the provisions that would reduce state revenues are:

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The 10 biggest per capita state revenue losers if these tax cuts are enacted would be:

  1. Massachusetts
  2. Oregon
  3. New York
  4. Minnesota
  5. Connecticut
  6. Maine
  7. Delaware
  8. Wisconsin
  9. Virginia
  10. North Carolina

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