Step 1 In Fighting Your City’s High Taxes
Local governments in most jurisdictions in America are running nearly unchecked in expansion of programs, spending and taxation. According to the St. Louis Federal Reserve, local government bonded debt was a little over $1 trillion in 2000. As of September of this year it is at$3.7 trillion.
Meanwhile, Ronald Reagan’s former budget director David Stockman recently reported that:
“The median U.S. household income in 2012 was $51,000, but that’s nothing to crow about. That same figure was first reached way back in 1989 — meaning that the living standard of Main Street America has gone nowhere for the last quarter century.”
