To free itself from boom-bust cycles, state needs spending limits

Gibbons, Patrick R.
November 2008
Las Vegas Business Press (10712186);11/10/2008, Vol. 25 Issue 45, p27
The author comments on the proposal of Assembly Speaker Barbara Buckley (D-Nevada) to restructure the tax code of the state to protect it from larger boom and bust cycles of government revenues. The author argues that Buckley's plan solves the "bust" part of Nevada's revenue problem but failed to address the "boom" part of the problem. The author claims simply raising taxes will not solve the problems that could emerge from the boom and bust cycles. The author emphasizes the role of government spending limits in solving the problem.


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