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Molly's comments:
on Raising Revenue: Corps and Brews
Just when I was about to send my own comment, I read this one and I couldn't have said it better. Every point is exactly correct. The authors of the bill are delusional if they think the tax will be passed along in any other manner.
Have they looked at a 3 to 5% sales tax, lowering income and property tax to reasonable levels to maintain a more consistent stream of revenue? Every recession we go through this - too much reliability on income taxes and when unemployment goes through the roof the tax dollars dry up, but spending at the state level remains the same. When will they (legislators) get enough backbone to deal with budget shortfalls in a responsible manner rather than attacking single industries that may gain political favor of the minority - or is it that minority that funds their elections?
Legislators should be required to take business classes after elections so they can at least understand a p & l worksheet. We have too many in office that couldn't make it as sportscasters or what have you, making important decisions out of pure ignorance and political gain, yet negatively affecting the lives and careers of the people that put them in office. Pretty shameful.
posted 4 years, 2 months ago
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