States are so flush with funds, many are cutting taxes

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While states feared the pandemic would wreak havoc on their budgets and force them to slash services, it turns out many are doing far better than they predicted. So instead of cutting spending in the wake of the pandemic, many states are cutting taxes.

While states feared the coronavirus pandemic would wreak havoc on their budgets and force them to slash services, it turns out that many are doing far better than they predicted.

So instead of cutting spending in the wake of the pandemic, many states are cutting taxes.Nine states have passed legislation to reduce individual or corporate income tax rates that is awaiting governors' signatures or has been enacted, according to Katherine Loughead, senior policy analyst at the right-leaning Tax Foundation. In some, the reductions are retroactive to January 1, but in others, the cuts don't take effect until next year.

 

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Might be all the revenue from Covid spreading Trump rallies...in Ohio...right Governor DeWine? You make our state look incredibly crazy... Even Alabama folks were smart enough to cancel, but not Ohio...embarrassing!

Or how about leave the taxes the same and put that money towards your states🤔

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