The 2025 legislative season will be here before we know it, and state lawmakers have begun unveiling their priorities and proposals. Unfortunately, despite stagnating revenue growth, many lawmakers continue to push for deep, regressive tax cuts – often before the full impact of previous tax cuts is felt.
While Louisiana jumped the gun and replaced its tiered personal income tax structure with a flat tax and a new 5 percent state sales tax this month, other state lawmakers are pushing for similar proposals next year. Gov. Jim Pillen of Nebraska wants to raise sales taxes to fill a revenue shortfall, Oklahoma lawmakers are discussing large personal income tax cuts with a plan for full elimination, and North Carolina Senators approved a new cap on personal income tax rates that would further hamstring future lawmakers from raising progressive revenue. sheet metal fab
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