The White House Council of Economic Advisers released a research study analyzing the economic impact of state income tax elimination. Processing ContentThe study, released Wednesday, compares states without income taxes, such as Florida, Tennessee and Texas against high-tax states such as California, New Jersey and Florida. The study posits two different scenarios for state tax reform, one in which the state pursues full revenue replacement by broadening the sales tax, while leaving the baseline forecasted growth of total tax revenue unchanged. The study finds state income taxes to be more economically damaging than sales or property taxes. The harmful fiscal effects include revenue volatility with "feast and famine" cycles, with "states often gaining little or no new tax revenue from income tax hikes because of the negative economic effects they unleash."