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Friday, March 23, 2018

Hidden New Tax Breaks for Wealthy Households, Corporations Risk State Revenues [feedly]

Hidden New Tax Breaks for Wealthy Households, Corporations Risk State Revenues
https://www.cbpp.org/blog/hidden-new-tax-breaks-for-wealthy-households-corporations-risk-state-revenues

As states develop legislation to adapt their tax laws to the new federal tax law, corporate lobbyists and anti-tax advocates are trying to capitalize on the legislative process to secure state tax breaks that they've been seeking for years. If they succeed, states will lose tax revenues that they otherwise could be allocating to strengthen schools, infrastructure, and other state services by, instead, providing even more tax breaks for the wealthy and profitable corporations — sometimes with virtually no public debate or awareness.

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