The Fierce Competition to Cut State Taxes

Nearly half of states have lowered their income-tax rates, or are now moving to do so, within a period of only a few years. What's causing this trend, and if federal Covid-19 money is part of the story, how are Governors strategizing to avoid a revenue crunch once those funds end? Plus, Joe Biden prepares to deliver the State of the Union address, with no signs that he will change course on the economy or Ukraine. Learn more about your ad choices. Visit megaphone.fm/adchoices