Rich Jones, director of policy and research at the Bell Policy Center, testified on Thursday in favor of House Bill 1052, which would add pay-as-you-go requirements to new tax exemptions and credits.
We are disappointed to report that the bill died in a 6-6 vote of the House Finance Committee.
We supported the bill because we believe it would add accountability and transparency to the budget process, and we believe it is only common sense to weigh the costs and benefits of tax credits and exemptions in pursuit of policy goals.
