Tag Archives: Assemblyman Kellner

TEL Event and TEL Podcast

If you couldn’t make it to GMU last week for the Tax and Expenditure panel, you are in luck: the tech team at Mercatus was good enough to capture it for posterity:

I thank our two guests: Assemblyman Micah Kellner of the NY-65th district and Nick Kasprak of the Tax Foundation.

Nick has created a very handy on-line tool. It does what my paper on state spending restraint did: it traces out what states would (theoreticall) have spent had they adopted TELs in certain time periods. Unlike my paper, however, Nick’s tool is interactive, it examines all states, and it allows users to see the different impact of different types of TELs. Check it out.

I learned a number of things from Assemblyman Kellner. Perhaps the most-interesting thing I learned: if you live in the 65th district of NY and if your family earns $250k or more, the state considers you poor enough to qualify for affordable housing rent control but rich enough to pay the “millionaire’s” tax. The assemblyman notes that in pricey NYC, a lot of people who live modest lifestyles actually fall into this category.

I presented the results of my  paper on tax and expenditure limits.

Also this week, the Tax Foundation’s Richard Morrison interviewed me about TELs in their weekly podcast.

Tax and Expenditure Limits: A Panel Discussion

More than half of all states operate under some sort of state tax and expenditure limit (or TEL). And with nearly every state facing the most-serious fiscal crisis of a generation, these sorts of limits are increasingly talked about as a solution. But do they work? Are there nuances? What do states need to know before implementing one? How would a TEL affect your state? 

Join us in two weeks for a panel discussion here at the Mercatus Center. We hope to address these issues and others. New York State Assemblymember Micah Kellner (D-65th) and Tax Foundation programmer and analyst, Nick Kasprak, will be speaking, as will I.

Mr. Kasprak and his colleagues have developed a really neat online tool to see the theoretical impact of TELs in each state. Check it out. 

Assemblyman Kellner will talk about the fiscal troubles in New York and the potential impact of a TEL there.

I’ll be discussing recent research on the effectiveness of TELs, including my own recent paper.

If you can’t make it to Arlington in person, the event will be livestreamed on the event page.