State Revenues Pour In, Raising Pressure on Biden
to Divert Federal Aid
https://www.nytimes.com/2021/05/25/business/economy/republicans-biden-infrastructure-federal-aid.html
That turnaround is partly the product of strong income tax receipts, particularly in states that heavily tax high earners and the wealthy, whose finances have fared well in the crisis. The unexpectedly rosy picture is raising pressure on President Biden to repurpose hundreds of billions of dollars of federal aid approved this year, in order to help fund a potential bipartisan infrastructure deal.
https://www.nytimes.com/2021/05/25/business/economy/republicans-biden-infrastructure-federal-aid.html
That turnaround is partly the product of strong income tax receipts, particularly in states that heavily tax high earners and the wealthy, whose finances have fared well in the crisis. The unexpectedly rosy picture is raising pressure on President Biden to repurpose hundreds of billions of dollars of federal aid approved this year, in order to help fund a potential bipartisan infrastructure deal.