Indeed Reagan said [after floating Proposition 1 in 1973] he'd like to see constitutional tax limitation at the federal level, and proposed an amendment "requiring that no congressman can introduce a spending measure without at the same time introducing a revenue measure to pay for it." (The Invisible Bridge)
That's the world we're living in now, yeah. Because in 1978 Proposition 13 passed and not only cut property taxes but required a two-thirds majority in both legislative houses to raise taxes. Must've been Tim Eyman's pin-up boy.