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    Tax and Spending Limits: Theory, Analysis, and Policy

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    Independence Institute

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    Tax and Spending Limits: Theory, Analysis, and Policy

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    Independence Institute
    139 views4 pages

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    Copyright:

    Attribution Non-Commercial (BY-NC)
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    139 views4 pages

    Tax and Spending Limits: Theory, Analysis, and Policy

    Uploaded by

    Independence Institute

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF or read online from Scribd
    Download as pdf
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    Tax and Spending Limits: Theory, Analysis, and Policy by Barry W Poulson Professor of Economics University of Colorado at Boulder TB-2004-E February, 2004 ‘Tax and spending limits (TELs) are budgetary rules that determine how much taxes andjor expenditures can increase from one year to the next. TELs can be statutory of constitutional rules, Statutory TEL can be modified by legislative action, while constit tional TELS can only be modified by a majority vote of citizens. TELs may originate through a legislative statute or referendum, or they may be initiated by

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