States with budget shortfalls are struggling to account for the revenue gaps. One way to boost their economic health would be for states and the federal government to close corporate tax loopholes, writes an official for a nonprofit consumer group. A certified public accountant suggests changes in the U.S. tax code would raise revenue but might also cause substantial job losses.

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Rep. Marjorie Taylor Greene, R-Ga., arrives to a news conference on the Epstein Files Transparency Act, Tuesday, Nov. 18, 2025, outside the U.S. Capitol in Washington. (Julia Demaree Nikhinson/AP)

Credit: Julia Demaree Nikhinson/AP