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The new forecast based on the FY2009 net general fund revenues is now $150 Million below that of the forecast in February. Click here for latest report
Obviously the solution proposed for this dismal news from the DFL will be to raise taxes. I mean, DUH!!, how else are we supposed to increase the state coffers so as to afford all those government funded programs.
The tax bracket for the "wealthy" will soar above 50% in Minnesota with the new affordable health plan rushing through Congress so what's a little more hurt, after all they still won't be paying their FAIR share now will they.
And while we're at it those mean, non-caring business owners (wealthy or not) will no doubt need to pony up too. We may have to build a fence around our state so these people can't change residence to say Texas, Nevada, or Florida where there is no personal income tax and who really cares if new businesses pass our state by for neighboring Wisconsin or South Dakota and those already here shut down and move across a border?
There can't really be a better response to our economic woes than raising taxes can there?
Oh wait, what's that you say? A little louder please. "JOBS, JOBS, JOBS," says Rep. Gottwalt and other Republicans leaders (which no doubt will fall on the deaf DFL ears)
The more jobs, the more income producers, the more taxes collected, the more funds available for those darling government programs. But that won't really work will it? It can't really be as simple as creating an environment so friendly to businesses that they can't wait to come and establish or expand?
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