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Using a formula which divided personal income into state revenues and added a cushion of less than one pei cent, the Schewel bill would have limited state spending to less than 7.5 per cent of the gross personal income.
Members of the committee argued that the bill would do little to alleviate tax burdens on Virginians unless the General Assembly included a mandate for localities to adopt the same spending ceiling.—Karen Timmons Rypka
Correction
Pardon the typo—we know that Abe Lincoln and Miss Almond were born February 12—really we do.
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Ideas go booming through the world louder than cannon. Thoughts are mightier than armies. Principles have achieved more victories than horsemen and chariots.
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