Correction for Steve Malanga of Real Clear Markets: NTU’s Ballot Initiative Report
October 22, 2008
Today, Steven Malanga, editor for Real Clear Markets and senior fellow at the Manhattan Institute, wrote a piece on the many tax-related initiatives that will be on the ballot next month in many states. There’s just one problem:
“If you want to vote your pocketbook in the presidential election, you can do so by pulling the lever for the candidate whose tax plan most reflects your interests.
“On the other hand, in dozens of states you can vote your pocketbook this fall by voting directly for tax and/or spending measures. In perhaps a reflection of the extent to which concerns about the economy are dominating the political discussion right now, 106 propositions focused on taxes and spending (or, in many cases, on spending restraint) are on the ballot in 34 states, according to an analysis by the Tax Foundation. Those ballot measures range from the surprisingly popular Massachusetts proposition to end the state’s income tax—a sort of fiscal weapon of mass destruction—to efforts by taxpayers in other states to proscribe future tax increases and/or enact spending caps to avoid becoming like, well, like the popular perception of Massachusetts as Taxachusetts.”
While we would love to take credit, it’s the National Taxpayers Union that authored the report on the 106 ballot questions in 34 states. (A correction has been requested.)
NTU has done a great job summarizing all of these initiatives. Joseph Henchman, the Tax Foundation’s Tax Counsel, has written an extensive piece on one of the those initiatives: North Dakota Measure 2. The Income Tax Cut Initiative would cut individual income tax rates across the board by 50% and would reduce corporate income tax rates by 15%.
For even more information on these initiatives, you can go to one of my favorite websites: Ballotpedia!