Some US states seek to ease inflation burden with direct payments.
Critics, including many Republican lawmakers, say those checks won’t go far enough given the pace of inflation and are pushing instead for permanent tax cuts.
Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year. It’s also no coincidence that the relief is being floated during an election year, said Mark Brewer, a political science professor at the University of Maine. Maine’s governor’s race is one of many closely watched contests at the state level this year.
In New Mexico, some have questioned whether Democratic Gov. Michelle Lujan Grisham’s plan for a $250 rebate goes far enough given how much consumer prices have risen. The rebate plan in New Mexico, and concerns about how much it will help, reflects a growing trend among states as they try to find some relief for their residents amid criticism that they could do more.
That’s given state officials greater confidence to consider tax rebates or direct payments to residents. But some financial experts are urging caution, noting that inflation also could drive up state expenses and wages.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Bored Ape's Yuga Labs Raised US$450M in Funding at US$4B ValuationWylie Aronow of Bored Ape Yacht Club, describes the forthcoming universe as “an interoperable world” that is “gamified” and “completely decentralised”. NFT BAYC Blockchain cryptocurrencies crypto
Baca lebih lajut »
Madeleine Albright, 1st female US secretary of state, dies at 84BREAKING: Madeleine Albright, the first female U.S. secretary of state, has died of cancer, her family said Wednesday.
Baca lebih lajut »
Madeleine Albright, 1st Female US Secretary of State, Dies at 84Madeleine Albright, the first female U.S. secretary of state, has died of cancer at age 84. Take a look back on her 2013 'Chicago Tonight' appearance:
Baca lebih lajut »
Former US Secretary of State Madeleine Albright dies at 84BREAKING NEWS: The first woman who served as U.S. Secretary of State Madeleine Albright has died.
Baca lebih lajut »
Madeleine Albright, 1st female US secretary of state, diesPresident Bill Clinton chose Albright as America’s top diplomat in 1996, and she served in that capacity for the last four years of the Clinton administration.
Baca lebih lajut »
State Department: US consulate sees Griner for first timeBrittney Griner was detained after arriving at a Moscow airport, reportedly in mid-February, after Russian authorities said a search of her luggage revealed vape cartridges that allegedly contained oil derived from cannabis, which could carry a maximum penalty of 10 years in prison.
Baca lebih lajut »