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FILE - Republican Gov. Brad Little, right, announces a special session of the Legislature for a proposed $500 million tax rebate and $410 million in education spending to deal with inflation as Republican House Speaker Scott Bedke, center, and Republican Senate President Pro-Tem Chuck Winder, left, look on, Tuesday, Aug. 23, 2022, in Boise, Idaho. State governments flush with money are returning billions of dollars to their residents. Already this year, at least 31 states have enacted some form of tax cut or rebate. (AP Photo/Keith Ridler, File)

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States tapping historic surpluses for tax cuts and rebates
August 31, 2022 9 a.m.

States tapping historic surpluses for tax cuts and rebates

Stoked by the largest surplus in state history, Missouri's Republican-led Legislature devised a $500 million plan to send one-time tax refunds to millions of households. In a shock to some, GOP Gov. Mike Parson vetoed it.