Schwarzenegger: $4.4B in tax hikes to cut deficit

Kidlicious

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Join Date: 19 Mar 2003

Posts: 45216
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#31

November 7, 2008, 19:12

Originally posted by KrazyHorse

Why not? California is basically an open economy with the rest of the US. There is no reason to believe that the state fiscal multiplier is significantly different than 0.

WTF?! The US is also an open economy. Do you believe it should raise taxes in a recession?

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