States have much less flexible budgets. Many have balanced budget rules. They can't handle downturns. They already rely on the federal government to pick up economic slack.
And if you had the idea that they would be able to raise state taxes with the fat refund checks we'll all be getting with the proceeds of cutting the NSF... there aren't any.
And if you had the idea that they would be able to raise state taxes with the fat refund checks we'll all be getting with the proceeds of cutting the NSF... there aren't any.