Katherine Loughead on the State of State Tax Policy

As the pandemic-era shocks of federal stimulus and domestic migration fade, some states are looking for new taxes to increase revenue while others consider tax cuts to address affordability concerns. Proposed reforms for property taxes in Florida, income taxes in Illinois, and a wealth tax in California show how the differences in states’ tax environments are widening even further. In this episode, we talk with Katherine Loughead, Vice President of State Tax Policy at the Tax Foundation, about states’ fiscal positions in the post-pandemic economy, three significant changes to state taxes that could be in the pipeline, and rules of thumb for ideal tax policy design.

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