A state's governor is proposing an income tax hike to solve budget deficits, what do...

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...you think? Due to the bad national economy, and foreclosure crisis, etc...state and local govts are finding their tax revenues are dwindling.

While the Democratic governor is trying to deal with the crisis, the republicans of course say that budget and program cuts should be considered first...so that more people can be laid off and put out of work to stimulate the state's economy.

what do you think?
 
it allready happened here in california.

on 4/1 (I know, the worst day to raise taxes) sales and income taxes are going up to help fight off a 41 BILLION dollar budget hole.

trick here is that its mirrored. Republican governer Arnold Schwarzenegger, vs a mostly democratic state legislature.
 
i see where mayors and govs are asking employees to take a day 2 or 3 days off unpaid to help.
many programs are weak and ineffective but we cannot trim too much. some make too much, some make too little, we cannot say redistrubiting the wealth, but some ass making 200k. to 750k. a year with a bonus compared to someone working 3 jobs to make ends meet, i would have to go with the hard worker vs. the big earner.

bushies war? he never asked the people to sacrifice anything for the common goal, now obama asks little of you, what does the average american have to offer, i would say little.
 
Tax revenues go down when tax rates are raised. Especially when people are hurting financially. They always say they are only going to tax the rich and corporations. They say they are going to close loopholes that these people take advantage of to keep THEIR money. The problem is that these rich people and corporations are our employers. If they can't keep THEIR money they can't hire as many of us and they can't pay us as much as we need to be able to afford the basic necessities which go up in price to cover the higher taxes. The tax "loopholes" are very often incentives that were given these companies to come to the state or to stay there rather than move to another state or out of the country. If they take away those incentives and raise taxes those companies will either leave or just go out of business. Either way the state will lose tax revenue. Higher taxes always come back to bite you and me in the back end.
Gov. Pat Quinn wants to raise the income tax rate in Illinois. Illinois already has a high tax burden with all the different taxes and fees. They're talking about raising other taxes too. They are going to drive many more jobs either out of the state or out of the country. Either way they are going to end up coming back to us AGAIN and telling us "we have to make the hard decisions", so we're just going to steal more of your hard earned money to fund our incompetence. You don't REALLY need to eat EVERY day do you?
 
A governor is considering raising taxes ... and you are surprised?

Forgive me for my apparent ignorance, I'm from New York, but what do I think of this situation?

SNAFU [situation normal, all (guess) up] ... In New York there are a few things you can count on. From top to bottom ... most likely to least likely

1) The government will raise taxes.

2) All government employees WILL receive a raise.

3) The budget deficit WILL increase.

4) A close family member of some elected official will get a job overseeing a new government program ... with little or no oversight!

5) The potholes in the roads of Upstate NY will get larger.

6) When the transit authority runs low on money ... subway fares will decrease ... Upstate tolls will increase!

7) Some dang fool politician will blame legal gun ownership for increased crime.

8) Farmers will take a cut in the value of their products, but the price of produce in the market will rise!

9) The power companies will get authority to raise the rates "to insure continued efficient delivery of their service to the customer".

10) There will be a major power outage in Upstate NY ... in winter, when electric power is most needed to run furnaces!

11) Democrats will blame Republicans for all of the above. Republicans will blame Democrats for all of the above.

12) There will be a scandal involving an elected official.

13) Programs that have a chance of working will be eliminated.

14) Programs that have no chance of success, but have a close relative of an elected official in charge will be expanded.

15) The sun will rise every day!

The government raising taxes? What is new about that? For those of you that do not live in NY ... forgive my ignorance! For those of you that live in New York ... I'll expect a "thumbs up!"
 
Let me give you a hard fact of life. You have to spend money to make money. "WHAT OMG SPEND MY MONEY TO MAKE MONEY? NOOO I WANTED TO MAKE AND MAKE AND MAKE!" Not going to happen. Another fact of life. War has casualty no matter the cause of reason. Sorry to burst your bubble but another fact of economy are CUTS. Besides you dont have to worry about cuts from republicans, democrats control the white house and the congress. Wait.. we got cuts even with democrats!! oh well, sigh......
 
No Republican governor has ever suggested that budget and program cuts and putting people out of work are good ways to stimulate a state’s economy.
 
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