Here in NJ it’s working. Balanced budget two years in a row with no new taxes.
It definitely seems to have worked as intended at the state level. It could on the federal level, but I have my concerns. For one, states have direct competitive situations with other states...especially on business taxes. We’ve seen this element play well in the midwest and in NJ this year. The feds have less competition, and more government parasites. I am open to the idea, I just fear the unintended consequences.