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Federal tax cut faces mixed state balance sheet shifts
Across 19 states governors act to balance budgets while Congress debates a tax cut. An AP survey shows 28 states expect year end surpluses, yet inflation erodes gains and costs outpace revenue. Proposals range from tax increases to adjustments and cuts, with Florida Oklahoma undecided and 18 states ruling out changes. Vermont California Connecticut Michigan outline varied plans and impacts on residents and spending.
MENTIONED IN THIS ARTICLE
Associated Press
Congress
Treasury
Florida
Oklahoma
David Boren
South Dakota
Salmon
California
Edmund Brown Jr
Brown
Ronald Reagan
Connecticut
Ella Grasso
Michigan
William Milliken
Milliken
Vermont
Alaska
Delaware
Georgia
Hawaii
Minnesota
Missouri
Nebraska
New Jersey
New York
North Carolina
Ohio
Oregon
Tennessee
Utah
Washington
West Virginia
Colorado
Iowa
Arkansas
Idaho
Indiana
Kansas
Montana
New Mexico
North Dakota
Texas
Alabama
Kentucky
Louisiana
Maryland
South Carolina
Wisconsin
U.S. Conference of Mayors
Natonal League of Cities