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Originally posted by MMPI2
reply to post by
Marulo
again, states can't cut income tax for the rich, just like they can't raise income taxes on the rich. income tax is, by law, the purview of the FEDERAL government.
states MUST cut one of the largest non-returning and constantly expanding expenditures - teacher salary packages.
these salary packages are absolute cadillac programs that are not deserved by their recipients.
continuing in the direction the unions appear to want to keep moving toward is not sustainable.
Walker entered office with a surplus. He now has a deficit. Why? because of the tax cuts he gave to the corporations and the wealthy citizens in his state.
Originally posted by HoldTheBeans
Some of these states deficits are in the billions. Thats nine zeroes. Simply taxing the evil rich to keep funding these entitlements will do nothing but see them wave goodbye to you and your state and any business they have there Not real smart.
Why not giving the states the right to raise the income taxes on classes of people?
Our analysis indicates a general fund gross balance of $121.4 million and a net balance of $56.4 million. This is $54.0 million above that of the administration's reports.
For his first month in office, though, Walker's been focused on spending money through tax cuts. Two tax cuts he's already signed, along with one that's passed the Assembly, would add roughly $117 million to the state's budget problem over the next two years.
TFor his first month in office, though, Walker's been focused on spending money through tax cuts. Two tax cuts he's already signed, along with one that's passed the Assembly, would add roughly $117 million to the state's budget problem over the next two years.ext