Bloomberg
Rich States Uncover Tax Windfall, Undercutting Push for Aid
(Bloomberg) — It was a shocking, and seemingly improbable, figure.Eight months into the pandemic — and the brutal economic collapse it triggered — California’s budget watchdog said the state was poised to pocket a windfall of some $26 billion. Just as New York and Connecticut had revealed weeks earlier, tax revenue was coming in at a clip no one expected, thanks in part to the booming stock market.And so it has largely…
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