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McCAUGHEY: Phasing out state income tax key to success in dying blue states

27 0
25.01.2026

Cut taxes, governor, and we'll take that bet

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

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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.

Hochul recently 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 New Yorkers 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 tax hikes. Hochul’s position on raising taxes is a red flag that New York State’s worst is yet........

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