They want to take it a step further.
It's called a Taxpayers Bill Of Rights. Also known in some circles as Hancock on steroids. It's very dangerous.......
<Snip> What Bearden proposed in the last legislative session was a limit on what the state can spend, as opposed to a limit on what it takes in. He said the Hancock lid is meaningless, and a spending cap would bring a more “disciplined approach” to the state’s budget.
Bearden’s proposal, which would have to be approved by voters as a constitutional amendment, would limit state appropriations to no more than the previous year’s plus inflation and population growth, expected to be about 3 percent or 4 percent a year.
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Bearden’s proposal, which would have to be approved by voters as a constitutional amendment, would limit state appropriations to no more than the previous year’s plus inflation and population growth, expected to be about 3 percent or 4 percent a year.
Blouin said Bearden’s amendment would be disastrous for Missouri.
An analysis by the Missouri Budget Project estimated that if the proposed spending limits had been in place in Missouri in 1992, the first year of TABOR, the state would have had to cut an additional $792 million from this fiscal year’s budget.
Blouin said the state also would have given out far more than the $985 million in tax refunds it returned to citizens from 1995 to 2000.
“If we would have had TABOR instead of Hancock, it would’ve been $3 billion” in refunds, she said.
http://www.kansascity.com/mld/kansascity/news/local/13087058.htmlIf we were to have another flood like '93 there would be nothing to help. We would be totally dependent on Federal resources for help. This may seem like the most short-sighted plan they could possibly dream up. But, it gets them a golden parachute job after just 8 years as a representative.