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The Downstream Effect of Fiscal Austerity

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Researchers explore how the relationship between federal, state, and local governments mutes the benefits of the federal government’s fiscal austerity measures. The burden is shifted to state and local governments that face higher demand for safety net program... More »

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Time for China to Embrace Property Tax?

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Chinese local government’s revenue dependence on land granting is no longer sustainable due to exhausted land resources, distorted profit distribution, and rampant sprawl development. Property tax might solve the problem. More »