Trump wants to cut taxes. So do governors and lawmakers in some states

JEFFERSON CITY, Mo. (AP) — President-elect Donald Trump has proposed trillions of dollars of tax cuts for individuals and businesses. In some states, governors and lawmakers are seeking to cut millions more.

The movement for more tax cuts comes after most states already have slashed income, sales or property taxes in recent years, and it’s pressing ahead even though state revenue growth has been slowing or stagnating.

As Congress considers Trump’s tax-cutting agenda, state legislatures that are currently getting underway will be weighing whether — or how much — they can afford to reduce their own taxes while still funding core government functions such as schools, prisons, roads and social

→ Continue reading at The Associated Press

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