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Flush with cash, states planning big cuts to taxes

DECEMBER 10, 2021 | by Reid Wilson | THE HILL

By Reid Wilson, includes “State lawmakers preparing to convene legislative sessions in the new year are confronted with a scenario unlike any they, or most of their predecessors, have ever experienced: budgets that are flush with cash after a year of record-setting surpluses. The influx of new money, fueled by a quick economic recovery from the coronavirus pandemic and billions in emergency federal funding for state and local governments, has spurred new talk of significant tax cuts. …”

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