Businessweek Archives

Balancing Act

Washington Outlook: CAPITAL WRAPUP


Although a balanced-budget amendment to the Constitution is likely to pass Congress soon, states may be reluctant to ratify it. A new study shows why: A balanced federal ledger could cost the states $67 billion a year in aid from Washington, estimates Steven D. Gold at the nonpartisan Center for the Study of the States in Albany, N.Y. Worse, says Gold, the GOP's $200 billion tax-cut plan could cost states billions in revenues since more than 40 tie their tax codes to the federal system.

We Almost Lost the Nasdaq

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

blog comments powered by Disqus