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

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 legisl