Voters might think less taxes would equate to more money in their pockets, but a new study shows that at the local level, the opposite may actually be true. Economists and politicians have weighed the benefits of different theoretical models for years, but a lack of direct, empirical evidence showing the macroeconomic effects of fiscal policy has made it difficult to argue for or against government funding at the local level.
Putting economic theory to the test: Cutting local taxes cuts household income
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