September 10, 2002

If the state and local officials choose to raise taxes and maintain the state spending levels, the U.S. economy will suffer. Growth and the recovery will be weaker than usual. In due course the state with the largest increase in tax rates will under perform the national economy and voter discontent will lead to another tax revolt that will push for a flatter tax rate as well as setting limits on state spending. (full article attached)

You must have an active account to view these reports. You may register for a trial here

Download Complete Report in PDF Format

Download Complete Report in Word Format