Political Quotes

“First, the 1993 vote was far more than a tax increase. It had tax increases and deductions, and many other changes. Secondly, if one measures State and local revenues, in looking at the States with a supermajority requirement, we find that five of the seven States with supermajority requirements experienced lower than average economic growth as measured by changes in per capita personal incomes. Both of these years were business cycle peaks, 1979 and 1989. If economic growth during this period is measured by changes in gross State product, four of the seven supermajority States had lower than average growth.”