Richardson’s vs. Bush’s tax cuts

Today on New Mexico Politics, I wrote further about the success of Gov. Richardson’s tax cuts and compared their economic impact — as best I could — with those of President Bush.

While I believe that Bush’s cuts had a positive impact, the measurable impact of Richardson’s cuts is greater, largely because we can actually compare their impact on New Mexico with policies enacted in other state. That is just one of many arguments for federalism — that is, the Founders view as embodied in the Constitution that a vast majority of policies should be driven at the state and local level, not in Washington.