<p>Tax Foundation Releases Report on How Expiration of Bush-Era Tax Cuts Could Affect State, Local Budgets</p>

Tax Foundation Releases Report on How Expiration of Bush-Era Tax Cuts Could Affect State, Local Budgets

The Tax Foundation has issued a report on how the expiration of the Bush-era tax cuts could affect state and local budgets, concluding that "the net effect on any given state will depend on how their income taxes are structured and to what extent they piggyback off the federal income tax."