Bell, Michael; Fisher, Ronald C.
December 1978
National Tax Journal;Dec78, Vol. 31 Issue 4, p391
Academic Journal
This commentary addresses issues raised by Helen Ladd in her recent article in the journal �National Tax Journal.� Ladd's article analyzes the rationale for the recently enacted tax and expenditure controls and presents a theoretical discussion about the expected influence of these restrictions in controlling local expenditures and property taxes. In this commentary, the authors are concerned that the manner in which the median voter model is employed to estimate the efficiency cost of expenditure limits may generate some incorrect conclusions. In addition, the authors argue that a more comprehensive model which gives credence to the political, as well as economic, aspects of these issues needs to be utilized in order to adequately address the substantive policy issues raised by Ladd.


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