Revenue windfall pushes states to consider range of tax cuts
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February 2, 2022
ANNAPOLIS, Md. (AP) — Soaring tax revenue and billions in pandemic aid from the federal government have left many states with an unusual problem — too much money.
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.
Even high-tax states controlled by Democrats, from California to New Jersey, are dangling the possibility. Among those are Washing...
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