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Posted on 12.03.08 by R. Lee Wrights
“Gov. Schwarzenegger’s sales tax increase proposal, aimed at closing the $10 billion deficit, would be about as useful as telling a person to kick his legs while stuck in quicksand (Nov. 19 Our View, ‘No more ‘no new taxes?’) A tax increase would prolong the state’s economic slowdown and take more money out of the pockets of consumers. Many legislators have a hard time admitting the state’s budget crisis is a result of decades of excess government spending, even though state spending since 2003 had increased nearly 33 percent up until last years budget cuts. It is unlikely that many residents truly believe the state government has served them 33 percent better since 2003.” (11/30/08) Link: http://www.heartland.org/full.html?articleid=24274 Filed under: RRND Commentary | Report Bad Link Bookmark this post in Furl or Del.icio.us | |






