Commentary: States Are Showing Washington How to Relieve Inflation

Inflation continues to be the top concern for American voters going into the midterm elections. But rather than advancing responsible policies that will tame inflation, the federal government continues to pursue tax and spending plans that will raise the federal deficit, undermine growth, and do nothing to lower prices.

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Unclaimed Property Becomes Revenue for Some States

Some states are making money from unclaimed property that people may not know the states have. 

South Dakota is one of the few states that send profits from abandoned property to their general budget. About 3% of the state’s general fund revenues come from unclaimed property, according to state budget officials. Some states, including Wyoming and Wisconsin, hold on to the property indefinitely. 

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States, Not Congress, Could Pose the Biggest Threat to Tech Companies

Despite calls for increased regulation of the tech industry, Congress has yet to pass any major legislation, leaving it up to the states to take action curbing tech companies’ power and influence.

Meanwhile, state legislatures have introduced and enacted legislation on data privacy, antitrust, and content moderation, while state attorneys general have issued a number of legal challenges alleging anticompetitive business practices.

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