Social Capital Spending, State and Local Tax Revenues, and the Elderly

Social Capital Spending, State and Local Tax Revenues, and the Elderly

If state and local government spent the same percentage of their budgets on social capital investments in 2009 as they did in 1996, they would have spent $187.6 billion more on the building blocks for our future prosperity. The fiscal crisis that beset the states has exacerbated this situation, but this is a long-term trend. Continue reading at Taxes Matter

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