Governors and state lawmakers throughout the U.S. are floating proposals to send checks to help residents cope with soaring inflation. Many states have an influx of money because of billions of dollars in federal pandemic aid and high tax revenue.
because of billions of dollars in federal pandemic aid and ballooning tax revenue.
“There’s some real policy reason to do this,” Brewer said. “But at the same time, it’s also clear that this is an election year, and in an election year there are few things as popular as giving voters what voters see as free money from the state.” “Do we get customers who are angry and irate because things have changed? Yes, we sure do,” Wayne Holly said. “Do we get customers who say ‘I never used to pay that before?’ I say ‘Yeah, I’ve never paid $4.50 for a gallon of gas.’”
Those federal pandemic relief laws also provided stimulus checks to U.S. taxpayers, which helped boost consumer spending on goods subject to state and local sales taxes. From April 2021 to January 2022, total state tax revenues, adjusted for inflation, increased more than 19% compared to the same period a year earlier, according to a recent Urban Institute report.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bored Ape's Yuga Labs Raised US$450M in Funding at US$4B ValuationWylie Aronow of Bored Ape Yacht Club, describes the forthcoming universe as “an interoperable world” that is “gamified” and “completely decentralised”. NFT BAYC Blockchain cryptocurrencies crypto
Read more »
Madeleine Albright, 1st female US secretary of state, dies at 84BREAKING: Madeleine Albright, the first female U.S. secretary of state, has died of cancer, her family said Wednesday.
Read more »
Madeleine Albright, 1st Female US Secretary of State, Dies at 84Madeleine Albright, the first female U.S. secretary of state, has died of cancer at age 84. Take a look back on her 2013 'Chicago Tonight' appearance:
Read more »
Former US Secretary of State Madeleine Albright dies at 84BREAKING NEWS: The first woman who served as U.S. Secretary of State Madeleine Albright has died.
Read more »
Madeleine Albright, 1st female US secretary of state, diesPresident Bill Clinton chose Albright as America’s top diplomat in 1996, and she served in that capacity for the last four years of the Clinton administration.
Read more »
State Department: US consulate sees Griner for first timeBrittney Griner was detained after arriving at a Moscow airport, reportedly in mid-February, after Russian authorities said a search of her luggage revealed vape cartridges that allegedly contained oil derived from cannabis, which could carry a maximum penalty of 10 years in prison.
Read more »