Americans Forget Disaster of Big Government 1970s
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Nov. 7 (Bloomberg) -- Do Americans suddenly like taxincreases and bigger government? Or did they simply forget whathappens when you raise taxes and make government larger?
These are questions to ask as we analyze the yesterday’selection results to discern the fiscal consequences. Advocatesof higher taxes prevailed in the presidential and legislativeraces, and resoundingly. Yet the outcomes for the manypropositions and initiatives on ballots across the country alsorequire review. These votes suggest Americans are indeed lookingat government and taxation differently.