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Keystone-Flavored TABOR?

A Pennsylvania state senator is looking to our very own TABOR as a model:

For the second year in a row, Folmer introduced the Taxpayer Protection Act, which would create a budgetary cap linked to population growth and inflation.

“If you want to get taxes under control, you have to get spending under control,” Folmer said.

The concept is modeled after the Taxpayer Bill of Rights, a controversial state spending cap policy known as TABOR. It’s only been enacted in Colorado, where it was later suspended.

Folmer’s proposal has some differences, but grasps the basic concept of government: unless you put a cap on government spending, the economy can never grow fast enough to keep up with it.

Posted in Economics, Politics.