Revenue Windfall Pushes States to Cut Taxes

“Soaring tax revenue and billions in pandemic aid from the federal government have left many states with an unusual problem — too much money,” the AP reports.

“The result is one of the most broad-based movements in recent memory toward giving consumers and taxpayers a break. In red states and blue, lawmakers and governors are proposing to cut taxes and fees, create tax credits, or delay tax and fee hikes that had been planned before the Covid-19 pandemic struck.”