Opinion: Democrats to States: No New Tax Cuts – WSJ

But here s the political gut punch. The bill explicitly bars states from cutting taxes. States shall not use the funds, the bill says, to either directly or indirectly [our emphasis] offset a reduction in the net tax revenue that results from a change in law, regulation, or administrative interpretation during the covered period that reduces any tax (by providing for a reduction in a rate, a rebate, a deduction, a credit, or otherwise) or delays the imposition of any tax or tax increase.

Wow. Democrats in Washington are trying to dictate to governors and state legislatures that they can t change their tax laws if they accept their share of the $1.9 trillion. The sweeping prohibition would last through 2024, and the bill grants Treasury Secretary Janet Yellen authority to write regulations as may be necessary or appropriate to carry

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