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

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ezf

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...what do 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?
 
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.
 
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.
 
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?
 
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