9 Of 10 States Hurt Most By Expiration Of Tax Breaks Went To Obama In '08

August 23, 2012 - 1:57 AM

States won by Pres. Obama in 2008 would be the most hurt by the expiration of the Bush tax cuts and Alternative Minimum Tax (AMT) patch, data from a new study show.

A study by The Tax Foundation shows, state by state, what’s at stake in the battle to extend the Bush tax cuts and the AMT patch, both of which are scheduled to expire at the end of this year.

Nine of the ten states with the most to lose were won by Obama in 2008 - regardless of whether the states are ranked by total dollar value of the cost of these tax breaks expiring, or by the percent of income that would be lost.

Ranked by percent of income that would be lost if the Bush tax breaks and AMT patch are allowed to expire, only Wyoming was won by Republican presidential candidate John McCain.

Ranked by total dollars lost by citizens in the state, Texas is the only state in the top ten that Obama did not win.

Top 10 States: Tax Relief From Extending Cuts With AMT Patch

Ranked by % of income

$ value in millions

percent of income


Ranked by $

$ value in millions

New York

$50,555

8.05%


California

$70,780

New Jersey

$21,555

6.99%


New York

$50,555

California

$70,780

6.89%


Texas

$24,504

Connecticut

$9,990

6.86%


New Jersey

$21,555

DC

$1,583

6.66%


Florida

$20,028

Massachusetts

$13,700

5.87%


Illinois

$16,231

Maryland

$10,031

5.25%


Pennsylvania

$14,618

Wyoming

$886

5.01%


Massachusetts

$13,700

Oregon

$4,301

4.86%


Ohio

$11,252

Vermont

$749

4.78%


Virginia

$11,004

Note: States in bold were won by Barack Obama in 2008

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