Taxpayers who relaxed when they read George Bush's lips now have something else to fret about: Michael Dukakis, Mario Cuomo, Jim Thompson and other Governors are mouthing a different message. Their states face deficits or pressing needs, and, unlike the Federal Government, they are barred from deliberately shelling out more than they take in. Unless they sharply slice spending, they will be unable to echo the President's "no new taxes" pledge. / To cover their budget gaps, 23 states are considering or have already adopted tax hikes.
Overall, these jurisdictions hope to raise an extra $5.1 billion next year. More than...
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