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Capitol Perspectives: Fiscal discipline in state government

CapitolPerspectives_WPThe legislature’s recent approval of a major tax cut for businesses and income tax payers has caused me to think about the history of fiscal discipline in Missouri.

In its laws, as well as legislative practices, Missouri has a far stronger system for controlling government’s spending appetites than does the federal government. Unlike the federal government that can print as many dollar bills as needed, Missouri’s Constitution prohibits deficit spending

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