ABSTRACT

No More State and Local Government Bailouts   [open pdf - 0B]

From the Document: "State and local tax revenues are declining, in line with the dramatic curtailment of economic activity owing to the COVID-19 [coronavirus disease 2019] pandemic. [...] State governors are now seeking an additional $500 billion federal bailout and House Speaker Nancy Pelosi recently suggested a $1 trillion package. Bailing out the states would be the wrong choice. The states should use their sovereign fiscal powers to address revenue shortfalls while undertaking much needed reforms."

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Date:
2020-05-26
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Mercatus Center
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Mercatus Center: https://www.mercatus.org/
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application/pdf
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