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Eric Hovde: “State and local governments are running out of that Covid…”

Featuring: Eric Hovde, Republican | Former Candidate, U.S. Senate Wisconsin

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2025 Sunwest Bank Economic Forum with Eric Hovde

Published | Video Starts at 58:04

And all that Covid money went sloshing over to states and municipal municipalities and they were hiring. Well, that game's over. President Trump has already announced cuts to the federal workforce by 12.5%. And State and local governments are running out of that Covid money. And so I see them starting to cut. That's the reason why in California, they're trying to pass the wealth tax, just so you know, because they know they're running out of all the COVID money. (58:04–58:08)

CLAIM

Asserts that state and local governments are depleting their Covid-related funds.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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