The state that leaned on higher taxes rather than inflationary monetary policy was

Question

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Massachusetts was known for its high taxes, particularly in the 1970s and 1980s when the state faced budget deficits. Instead of relying on inflationary monetary policy, the state government chose to raise taxes to address these deficits. This approach was known as "taxachusetts" and was often criticized for its high cost of living and doing business in the state.

The State That Leaned on Higher Taxes Rather Than Inflationary