New report shows 5 years of Idaho income tax cuts have reduced state revenue by $4 billion

New report shows 5 years of Idaho income tax cuts have reduced state revenue by $4 billion

A new report from the Idaho Center for Fiscal Policy found that income tax cuts passed by the Idaho Legislature have reduced state revenue by a combined $ billion. (Chart provided courtesy of Idaho Center for Fiscal Policy)A new report issued this month by a nonpartisan, nonprofit organization shows the Idaho Legislature reduced state revenue by a combined $4 billion through a series of five income tax cuts passed since 2021. GET THE MORNING HE…

CA Teachers Union Spurs Drive to Make Wealth Tax Permanent

California has never spent more state money on TK-12 students — more than double per student over the past dozen years. John Fensterwald EdSource But that could change in 2030 when a temporary tax in place since 2012 on the wealthiest Californians is set to expire. School districts and community colleges could see a $2 billion to more than $5 billion drop in annual state funding. That expiration is four years away — a lifetime in politics — but…