As states exchange insults over who subsidizes who (yes, blue states subsidize red states), some people I've been talking to are suggesting that red states may face a worse fiscal crisis than blue this time around, bc of their different revenue bases 1/
Look at the big four. CA and NY get most of their revenue from income taxes, which may hold up fairly well: high-income workers less likely to be laid off, often able to work from home. FL and TX have no income tax, dependent on sales taxes, which must be plummeting 2/
We'll see. But not too surprising if a few months from now FL and TX are screaming for an aid package. 3/
Whoops. Forgot to link data source: taxadmin.org/2018-state-tax… 4/
