ABSTRACT

How States Can Address Their COVID-19 Budget Shortfalls Without Federal Bailouts   [open pdf - 252KB]

From the Key Takeaways: "[1] Bailing out states for reckless policy decisions would likely delay economic recovery, cause blatant inequities, and shift the costs to all taxpayers. [2] Instead of relying on a federal bailout, states can address near-term budget shortfalls by enacting sound policies that also generate long-term benefits. [3] States should safely re-open parts of society, scale back spending increases, encourage employment opportunities, and reform broken pension plans."

Report Number:
Backgrounder No. 3499
Author:
Publisher:
Date:
2020-06-08
Series:
Copyright:
Heritage Foundation. Posted here with permission. Documents are for personal use only and not for commercial profit.
Retrieved From:
Heritage Foundation: https://www.heritage.org/
Format:
pdf
Media Type:
application/pdf
URL:
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