![Treasury says states can cut taxes under massive COVID relief bill – but there's a catch](https://cbsnews1.cbsistatic.com/hub/i/r/2021/03/18/d512c26d-ba9b-4796-8c9d-6646b1d7d60c/thumbnail/1200x630/f8fd27f840544d0726d2d7ec6178f779/dave-yost.jpg)
Treasury says states can cut taxes under massive COVID relief bill – but there's a catch
CBSN
Responding to concerns from state officials, the U.S. Treasury Department said Wednesday that states can cut taxes without penalty under a new federal pandemic relief law — so long as they use their own funds to offset those cuts.
Republican governors, lawmakers and attorneys general have expressed apprehension about a provision in the wide-ranging relief act signed by President Joe Biden that prohibits states from using $195 billion of federal aid "to either directly or indirectly offset a reduction" in net tax revenue. The restriction could apply through 2024. Ohio Attorney General Dave Yost, a Republican, on Wednesday asked a federal judge to block the tax-cut provision.![](/newspic/picid-6252001-20250214202746.jpg)
Vice President JD Vance and Ukrainian President Volodymyr Zelenskyy held a high-stakes meeting at this year's Munich Security conference to discuss the Trump administration's efforts to end the war in Ukraine. Vance said the U.S. seeks a "durable" peace, while Zelenskyy expressed the desire for extensive discussions to prepare for any end to the conflict.
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Washington — The Trump administration on Thursday intensified its sweeping efforts to shrink the size of the federal workforce, the nation's largest employer, by ordering agencies to lay off nearly all probationary employees who hadn't yet gained civil service protection - potentially affecting hundreds of thousands of workers.
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It was Labor Day weekend 2003 when Matt Scribner, a local horse farrier and trainer who also competes in long-distance horse races, was on his usual ride in a remote part of the Sierra Nevada foothills — just a few miles northeast of Auburn, California —when he noticed a freshly dug hole along the trail that piqued his curiosity.