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Economics

Tax Windfalls Drive States to Unlikely Role in U.S. Recovery

  • Revenue beats dire forecasts on stock gains, working from home
  • Fleeting chance to soften pandemic hit on businesses, the poor

America’s governors aren’t waiting for Washington to stimulate their economies.

Faced with unexpected budget surpluses after tax revenue held up better than anticipated during the pandemic, governors in more than half a dozen states are taking steps to help small businesses or provide cash to residents thrown out of work.