Posted by Mark on 11/5/2009, 4:45 pm, in reply to "Re: Domino Effect"
75.162.27.189
States are bound by balanced-budget requirements. They can't deficit-spend. That's why they're leading the way in path-of-least-resistance cigarette taxes. At least as far as smokers are concerned, unlimited deficit spending is their best friend. Any level of government that has a balanced budget requirement can and does raise their cigarette tax for the purpose of a convenient revenue windfall that hypothetically puts their finances in the black for the year.
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