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Also see tax moves you should make now.
If signed into law, the tax cut would take effect in 2026.
New York
Republican-led states arent the only ones proposing new tax cuts this year.
In New York, Democratic Gov.
Kathy Hochul is pushing a new affordability agenda following major Democratic losses this past election cycle.
Spencer Coxs 2026 budget recommendationsproposed the elimination of Social Security taxes.
On the East Coast, VirginiaGov.
Glenn Youngkinproposed car tax relief for working-class Virginians.
Greg Gianforteproposed further income and property tax cuts for Montanans,South Carolina Gov.
Henry McMasterproposed further cuts to the current state income tax from 6.2% to 6.0% andGeorgia Gov.
Meanwhile,Missouri Gov.
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