Tax cuts actually increasing state revenue?

Washington Free Beacon:

Less than six months old, the tax reform law championed by President Donald Trump is already fueling an increasingly positive economic outlook for state governments across the country.

A new report released Tuesday by the American Legislative Exchange Council (ALEC) found that closed loopholes and deductions at the federal level are resulting in increased revenue at the state level, which when invested properly could provide for greater economic dividends down the line.

The report, titled Rich States, Poor States, is published annually and examines the latest developments in state economic growth, outlook, and competitiveness utilizing 15 equally weighted policy variables. The report found that states with lower tax burdens, decreased pension liabilities, and limited regulatory structures rank highest in economic outlook.

Utah, for the 11th year in a row, grabbed the top spot in the report's rankings. The state's stranglehold on first place was solidified by its decision this legislative session to cut state income taxes. The decision came after estimates conducted by the Office of the Legislative Fiscal Analyst, the nonpartisan budget information arm of the state legislature, found that Utah would see its revenues grow anywhere between $30-$80 million annually upon conforming to the new federal tax law.
...
"The untold story of federal tax reform is its impact at the state level, where the vast majority of states are now enjoying unexpected revenue gains," Williams said. "This trend is empowering additional pro-growth tax reform efforts that will provide an added level of benefits for hardworking taxpayers."

While Utah's place at the top was secure and rested on decades of strong fiscal leadership by the state's elected officials, Idaho was the report's clear success story. The state's catapult to the number two spot (it was 10th last year) was fueled by the decision to pass along tax reform savings directly to taxpayers.
...
The states that ranked at the bottom of the list tended to be heavily industrialized with higher tax burdens. These states were particularly disadvantaged when the federal tax overhaul capped the State and Local Tax (SALT) deduction, which for years had served as a public subsidy for high-tax states. Under SALT, taxpayers in states like New York, Illinois, and California, could deduct their state and local taxes when calculating federal income taxes–resulting in a large portion of their local taxes being refunded from federal funds.

Since the federal tax law went into effect, these high tax states have failed to adapt. Williams expressed his belief this would prove troublesome as they continue to compete with lower-tax states to bolster economic growth.
...

The lesson should be that government greed is counterproductive.  Greedy governments wind up with less as people flee to low tax jurisdictions.