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Is this a permanent tax cut or is this a one time relief similar to the direct payments?
I don’t see how using one-time money to cut taxes, which will fiscally impact the state every year going forward, is a wise use of one time money. Where is that money going to come from the next year and the year after that?
If a state wants to temporarily offset for one year or provide direct payments, I’m fine with that.
You expected wisdom from the signatories?
This is all political propaganda with no substance, just like all of the other junk lawsuits our idiot AG has signed onto.
I do see how West VA might feel like the tax cut they were working on might get scrutiny. BUT, the key here is transparency. They were already working on the tax cut before they even thought they were going to get the money.
The federal government has no role in directing state tax policy. It is another move by Democrats to punish well runs states who could draw on rainy day funds to supplement periods where tax revenues fell. Most states including democratic run states are seeing tax revenues running above projections this year. If a state chooses to give this federal money to tax payers through tax cuts either permanent or temporary, that is a state decision. Our AG is right to stand up to federal efforts to over manage our state government.
States receive COVID stimulus money because they saw reductions in tax revenue as a result of COVIS. Of course states that cut taxes in light of reduced tax revenue should not be getting bailed out with federal money. Especially when you consider that most of these states take more federal money than they put in.