States tapping historic surpluses for tax cuts and rebates

Colorado State Treasurer Dave Young holds up a replica of a check sent to resident joint tax filers as part of the "Colorado Cashback" refund Tuesday, Aug. 30, 2022, in Denver. More than half of the states with record revenue surpluses have been giving money back to taxpayers at a historic pace this year. (AP Photo/David Zalubowski)

States tapping historic surpluses for tax cuts and rebates