States Propose Billions in Tax Relief, but Can They Afford It?

A.M. Edition for March 1. Fueled by state budget surpluses, governors and lawmakers in more than a dozen U.S. states are proposing billions of dollars in tax relief despite concerns about a possible recession. WSJ reporter Jimmy Vielkind explains how states are funding the measures and why California and New York are taking a different approach. Plus, China’s economy emerges from the zero-Covid shadow. Luke Vargas hosts.  Learn more about your ad choices. Visit megaphone.fm/adchoices