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The Line Item Veto and Public Sector Budgets: Evidence from the States

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Author Info
Douglas Holtz-Eakin
Abstract

Recent proposals assume that endowing the U.S. President with a line item veto will reduce spending. Analysis of a rich set of state budget data indicates that long run budgets are not altered by an item veto. In the short run, the item veto's potency is contingent upon the political setting. Governors with political incentives to use an item veto alter spending and revenues in a statistically significant and quantitatively important fashion. These results suggest that adoption of the line item veto, in general, is unlikely to reduce the size of the federal government.

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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 2531.

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Date of creation: Mar 1988
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Handle: RePEc:nbr:nberwo:2531

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  1. Daniel R. Feenberg & Harvey S. Rosen, 1987. "Tax Structure and Public Sector Growth," NBER Working Papers 2020, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  1. James Poterba, 1992. "Capital Budgets, Borrowing Rules, and State Capital Spending," NBER Working Papers 4235, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
    Other versions:
  2. Timothy J. Besley & Harvey S. Rosen, 1999. "Vertical Externalities in Tax Setting: Evidence from Gasoline and Cigarettes," NBER Working Papers 6517, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  3. Reza Baquir, 2002. "Government Spending, Legislature Size, and the Executive Veto," IMF Working Papers 01/208, International Monetary Fund. [Downloadable!]
  4. Henning Bohn & Robert P. Inman, 1996. "Balanced Budget Rules and Public Deficits: Evidence from the U.S. States," NBER Working Papers 5533, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  5. Francesco Lagona & Fabio Padovano, 2007. "A nonlinear principal component analysis of the relationship between budget rules and fiscal performance in the European Union," Public Choice, Springer, vol. 130(3), pages 401-436, March. [Downloadable!] (restricted)
  6. Francesc Pujol, 2009. "Measuring US Presidents Political Commitment for Fiscal Discipline between 1920 and 2008," Faculty Working Papers 01/09, School of Economics and Business Administration, University of Navarra. [Downloadable!]
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  7. James M. Poterba, 1997. "Do Budget Rules Work?," NBER Working Papers 5550, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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