Tuesday, September 27, 2022
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What to do when the federal government has an excessive amount of cash? – UNC Tax Middle

Firstly of the pandemic, we thought state funds can be crushed. Then, as time progressed and we understood what the pandemic would do for gross sales taxes, that the federal authorities can be shoveling newly minted cash to the states, and so on., and it turned clear that many states wouldn’t wrestle financially. And, certainly, some states are mulling the opportunity of reducing taxes to provide again the additional cash they’ve (and the issue that some federal assist appeared to preclude reducing taxes). I used to be reminded of this age previous downside with what to do with authorities “surpluses” just lately as I used to be studying the April 25, 1891 version of Punch journal, as one does, and noticed this wonderful poem, and, accompanying graphic:


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