By using this website you allow us to place cookies on your computer. Please read our Privacy Policy for more details.
Publication Date: August 1977
Publisher: Heritage Foundation (Washington, D.C.)
Author(s): David A. Williams
Research Area: Banking and finance
Keywords: Taxes
Type: Report
Abstract:
A recent innovation aimed at limiting the growth of government has been attracting increased attention across the nation. This innovation is a constitutional amendment for state constitutions which would place a ceiling on the amount of taxes the state could collect. The limitation would be based on a percentage of the total personal income of the state's residents. This concept is unique in that it addresses the collection of taxes rather than the appropriation of monies.