FPI. The economic literature is clear: cutting corporate taxes has little or no impact on a state’s economic growth. The question is whether the Governor’s approach to the budget is the right set of proposals for a state which has gone through six years of austerity and that has stretched the financial capacity of its municipalities, schools and agencies to the limit. Is this the right time for large, multi-year tax cuts paid for with projected surpluses and substantial, unspecified out-year budget cuts, or will those steep tax and spending cuts seriously erode the state’s ability to invest in its people, communities and infrastructure?
Posted on: Thu, 23 Jan 2014 12:24:36 +0000
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