91439306
15,000 Watts of Bass Power
join:2002-10-16
New Milford, CT
| reply to garagerock
Re: This is what massive Federal tax cuts will get you
said by garagerock  :
Far easier to do than raising income taxes. No state wants to be known as the state that rose income taxes so high it drove the population away (er, wait-isn't that California?)
Connecticut, at the end of the 1980s.
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lesopp
join:2001-06-27
Land O Lakes, FL
| reply to garagerock
Florida voters amended the state constitution some years ago to bar the state from taxing income.
Florida used to get a good chunk of change from tourism revenues. Following 9-11 tourism fell and never completely recovered. Adding to that the tech bubble burst, jobs were lost and the economy went into a recession.
Finally, the voters in 2000 amended the state constitution to require the government build a high-speed rail system. In 2002 they again amended the state constitution to limit class sizes, along with some other dumb-ass amendments. The voters approved all these amendments without a thought as to how they would be funded. |
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garagerock
Premium
join:2002-06-14
Louisville, KY
| reply to joebear29
Ahhh, but therein lies the rub. Their expenses are always going to rise, and if federal revenues are down (as they are now), how can they raise income taxes without causing collateral political damage? Instead, they raise a knick-knack tax (cigarettes, booze, LAN's) to make up for the shortfall.
Far easier to do than raising income taxes. No state wants to be known as the state that rose income taxes so high it drove the population away (er, wait-isn't that California?) |
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