Summary List Placement
President Joe Biden wants to pump billions of federal stimulus into state and local governments as part of his $1.9 trillion package. But state tax revenues for 2020 were surprisingly healthy.
A JP Morgan survey called 2020 “virtually flat” with 2019 with regard to tax revenues for 47 states that reported their earnings, with revenues only falling by 0.12% on average. And while states expected to be hit hard financially when the pandemic began, the previous stimulus, including $600 weekly unemployment benefits, on top of the already allocated state benefits, allowed Americans to continue details ⇒
BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com