Trump Tax Plan Would Make States’ Job Still Harder

Source: Iris J. Lav, Center on Budget and Policy Priorities, May 1, 2017

The new Trump tax plan would rob states of revenues they need to serve their residents at a time when states already face significant fiscal distress, with over half of them projecting budget shortfalls for fiscal year 2018. And it would add to the problems caused by the President’s proposed cuts next year in funding for important state and local services, as well as congressional proposals to shift large health care costs to the states by repealing the Affordable Care Act and sharply cutting federal Medicaid spending.

Several parts of the Trump tax plan would affect state revenues ….