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States would feel impact of federal tax reform

from Pew Charitable Trusts

Comprehensive federal tax reform, a key topic of discussion among policymakers and the news media, could have significant repercussions for states because they are connected to and affected by federal tax policy in myriad ways. Changes to federal deductions and credits could directly affect state tax systems, thus affecting revenue and could have indirect impacts such as raising states' borrowing costs. Congress, the Trump administration and state elected officials should keep these effects in mind as they evaluate revisions to federal tax provisions. more

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