Growth and Variability in State Tax Revenue is popular PDF and ePub book, written by Randall G. Holcombe in 1997-10-28, it is a fantastic choice for those who relish reading online the Political Science genre. Let's immerse ourselves in this engaging Political Science book by exploring the summary and details provided below. Remember, Growth and Variability in State Tax Revenue can be Read Online from any device for your convenience.
Growth and Variability in State Tax Revenue Book PDF Summary
During recessions state government fiscal crises are widespread, as states find their revenues inadequate to meet their expenditure demands. This volume shows that state fiscal crises have only one significant cause: revenue downturns associated with recessions. Other analysts have argued that fiscal crises are the result of an interaction of many complex causes, including inadequate tax bases, increasing expenditure demands, and limits placed on state governments by voters. This analysis examines these other factors and shows that while they present significant challenges to state policymakers, they are not the cause of fiscal crises. The book presents an improved methodology for measuring cyclical variability of revenues and uses this methodology to show that there is no way to restructure state tax systems in order to appreciably reduce the fiscal stress associated with recessions. Fiscal stress can be lessened by setting aside revenues during prosperous years in a rainy day fund, but current rainy day funds are not large enough to eliminate the fiscal stress caused by recessions.
Detail Book of Growth and Variability in State Tax Revenue PDF
- Author : Randall G. Holcombe
- Release : 28 October 1997
- Publisher : Bloomsbury Publishing USA
- ISBN : 9780313029998
- Genre : Political Science
- Total Page : 222 pages
- Language : English
- PDF File Size : 19,8 Mb
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