Bloomberg: States Could Feel Conservative Tax Pinch Even If Blue Wave Wins
media mentionOpponents say such restrictions are a recipe for political paralysis or deep budget cuts the next time the economy lapses into a recession.
“It restricts future lawmakers — even next year or in five years or ten years — from making fiscally responsible decisions,” said Meg Wiehe, deputy director of the left-leaning Institute on Taxation and Economic Policy. “Whoever is in charge of the state should be able to make decisions that are best for the state at that time.”