Inflation Effect. Maine Rebates

What is happening? California, Kansas, Minnesota, & Maine are all figuring out how to gives state taxpayers a rebate to combat rising inflation.

Why is this important? Each state has a different approach. Maine is proposing a direct cash rebate of $850.

How will this be important? In contrast other states are proposing tax cuts, which some experts say are more problematic because at some point that revenue will have to be raised again.

AP | US states seek to ease inflation burden with direct payments