Blue states around the U.S. are planning tax hikes on wealthy residents to bring in additional revenue through a variety of proposals, including one state's so-called "Taylor Swift tax."The moves come after the enactment of the One Big Beautiful Bill Act (OBBBA) by President Donald Trump and Republicans in Congress, which permanently extended many of the 2017 tax cuts and included other new tax relief provisions as well as spending cuts to programs such as Medicaid.Democrats argue these tax hike proposals are needed to help plug gaps in state budgets and offset any lost federal dollars for Med...

2 hours ago

On HALO