Do Americans suddenly like tax increases and bigger government? Or did they simply forget what happens when you raise taxes and make government larger?
These are questions to ask as we analyze the yesterday’s election results to discern the fiscal consequences. Advocates of higher taxes prevailed in the presidential and legislative races, and resoundingly. Yet the outcomes for the many propositions and initiatives on ballots across the country also require review. These votes suggest Americans are indeed looking at government and taxation differently.
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