Excerpt:
Don’t think that might ease your state and local tax burden. The downpour of cash on cities and states, most of which don’t need it, is all tied to a provision in ARP that bans tax cuts. It’s a mandate for statism – big government – whether states with small government philosophies like it or not.
“Thou shalt be statists and big spenders” – that’s what ARP might as well say as a direct federal mandate.
Most of ARP commentary about cities and states has wrongly focused only on the $350 billion that’s will go directly to them. That’s a small part and entirely misses the bigger picture.
Author(s): Mark Glennon
Publication Date: 22 March 2021
Publication Site: Wirepoints