menu_open Columnists
We use cookies to provide some features and experiences in QOSHE

More information  .  Close

Phasing Out State Income Tax Key to Success in Dying Blue States

15 6
21.01.2026

Across the nation, states are fiercely competing for companies and population by slashing taxes.

New York Gov. Kathy Hochul is dooming her state to be the loser.

In 2026, eight states are cutting their income taxes, and four others are reducing corporate tax rates.

South Carolina is pushing ahead on legislation to phase out its income tax entirely over the next few years, joining nine other income-tax-free states.

That's bad news for New York.

Saddled with a spendaholic governor and state legislature, New York is becoming increasingly unattractive to newcomers and businesses alike.

On Tuesday, Hochul unveiled a record-breaking $260 billion state budget — two and a half times the size of Florida's, despite Florida's larger population.

She may not want you to notice, but her budget has a gaping hole: Spending exceeds predicted revenues by a staggering $18 billion.

What will plug that hole?

Slap your face for saying the unmentionable: tax hikes.

Hochul's position on raising taxes is a red flag that New York state's worst is yet to come.

She's previously hinted at raising the corporate tax rate this year — the most damaging thing you can do to a state's economy, according to tax policy analyst Preston Brashers.

Her budget announcement didn't go that far, but it did extend........

© Townhall