Some revenue options, like broadening the sales tax base or briefly pausing currently scheduled income tax rate reductions, could bridge a revenue gap with limited harm to the state’s economic competitiveness. [read post]

Table of Contents Executive Summary Introduction Overview of Current Proposals — Governor Justice’s Proposal — House Republican Proposal — Senate Republican Proposal Income Tax Reductions — Economic Overview — Impact on Pass-Through Businesses — Impact on Migration and Remote Work — The Role of Reciprocal Agreements Sales Tax Changes — The Sales Tax Consensus — Rate Increase — Taxation of Professional Services Luxury Tax Excise and… [read post]