Im in favor of it. Ive always said that if the Federal government cuts taxes that is good for federalism. When the federal government increases taxes that ties the states hands. They have to cut taxes. If the federal government cuts taxes then the states have the opportunity to increase taxes if they want to do so. States like California SHOULD increase taxes. If California increases taxes then the California politicians will temper their demands for higher taxes at the federal level because their taxes will already be high.
This is banana republic stuff, I just thank the Lord that I do not live there.