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Reagan tax plan opposed by nine noted economists in California
Sept A1 1973 Sacramento Experts critique Reagan tax limitation. Assembly research staff say Prop 1 shifts tax burden to low income, cuts state services, raises tuition, and increases local property taxes. Notable economists Galbraith Helier Okun Tobin and Samuelson oppose. Moretti cites critics as evidence voters face reduced services and freedom of choice limits. Plan would freeze after 16 years at just over seven percent of income.
MENTIONED IN THIS ARTICLE
Sacramento
Reagan
Assembly
Bob Moretti
Capitol
Assembly Office of Research
Moretti
John Kenneth Galbraith
Walter M. Helier
Arthur M. Okun
James Tobin
Paul A. Samuelson