The Super Bowl of Tax Policy
What with all of the to-do over the Arizona Cardinals making the Super Bowl -- to the point where we know the family history of substitutes on the punt coverage team -- one salient fact seems absent from the discussion. The team wouldn't be in the game but for raising taxes in 2001, at the beginning of a recession. No new taxes, no stadium, no home record, no home field advantage, nada. All from raising taxes! Who knew such a thing was possible?
I strongly opposed the stadium tax in 2000 as I feared living in a state which would find spanking new revenue sources for fun and games but which would cut education, health care, and services for the disabled. People said I was too pessimistic. No, I was just early.