“Shock gas, grocery price hikes spur states to pursue tax relief”
February 21, 2022
“Rapidly climbing inflation in the U.S. is accelerating calls from governors and state leaders to provide immediate tax relief to cash-strapped residents facing higher prices on everyday products such as gas, milk, and electricity.
The governors of Maine and Kentucky this week joined a sweeping number of states — including Illinois, California, Massachusetts, Florida, Alabama, Washington, and Missouri — who are considering offering quick but temporary relief to taxpayers crushed by a relentless surge in inflation in recent months.
The consumer price index — which measures what Americans pay for goods and services — reached another 40-year high last month, soaring to 7.5% due to strong consumer demand and pandemic-related supply disruptions…”
They only talk about tax relief when things are super bad. Low taxes spur the economy. To be honest they should always be kept low in my opinion.