Policy Today: The elusive silver bullet of tax policy

Today we're digging further into last week's blog post on other states that want to implement, or have implemented, elements of Washington's tax system. In Oregon, some yearn for a sales tax to bring stability to state budgeting (the state income tax, they say, is far too volatile). In Nevada, the governor and legislators recently approved a package of new taxes that includes a gross receipts tax, similar to Washington's much-maligned Business & Occupation (B & O) tax. Is there really such a thing as a silver bullet, or is the problem simply that elected officials want to spend more money than they have?

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