More tax cuts put states’ revenue at risk

At least a dozen proposals for income tax cuts are already on the table for state legislatures to consider in 2024 .

This follows on the heels of 26 states cutting their personal income tax rates, corporate tax rates or both between 2021 and 2023 .

A Center for Public Integrity investigation found last year that conservative groups funded by rich donors pushed these tax cuts in most states.

Many states require a supermajority legislative vote to enact new taxes, in comparison with a majority vote to reduce them.

Arkansas enacted four rounds of personal and corporate income tax cuts in 2021 , 2022 and 2023 .

Oklahoma has the nation’s highest threshold for raising new revenue, requiring more than 75% of its legislature to approve new taxes.