Managing Fiscal Volatility by Redefining ‘Tax Cuts’ and ‘Tax Hikes’
University of California, Berkeley - Boalt Hall School of Law
University of California at Berkeley
State Tax Notes, Vol. 58, No. 2, 2010
UC Berkeley Public Law Research Paper No. 1690614
This report analyzes how states should cope with fiscal volatility at the level of institutional-design policy. We propose that states reconsider how they define terms like ‘‘tax cuts’’ and ‘‘tax hikes.’’ By adopting a new baseline for defining those terms, states can increase the likelihood of using tax rate adjustments to cope with fiscal volatility rather than more harmful spending fluctuations.
Number of Pages in PDF File: 12
Keywords: Fiscal VolatilityAccepted Paper Series
Date posted: October 12, 2010
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