Happy Tax Cut New Year

Too many Republicans in Washington have lost their tax-rate-cutting convictions, but not so in most GOP-run states. As the clock turns to 2026, the residents of nine states will pay lower tax rates on their income. Happy New Year indeed.

The tax cuts are the result of bills passed in 2025 or earlier, and some are the result of staged cuts in rates if the state's tax revenues allow. Rather than grant taxpayers a temporary tax rebate, the political leaders in these states have been smart and cut rates that are more than a one-time cash fillip...