If it doesn’t feel like a recession, you should be paying more in taxes
Kitty Richards and Joseph E. Stiglitz write: As the coronavirus pandemic — and Congress’s undersize response — wreaks havoc throughout the economy, tax receipts are cratering. This means that state and local governments are facing enormous revenue shortfalls at the exact time they are dealing with large additional demands. So far, states and localities have responded by slashing spending and jobs, with 1.5 million public-sector workers laid off by the end of June. The federal government, which unlike most states…