Thursday, June 28, 2007


Charlie's The Lowest Circle of Tax Hell post really caught my attention. With all the amazing aspects of the proposed tax increase, I think a couple points were missed by The Tax Foundation.
  • I haven't read the bill, but I don't think the Senate budget eliminates the State's structural deficit. Think about that, doubling tax revenues without paying off the debt, that is simply hard to do.
  • Although not close to the historical level of the Senate's tax increase, Doyle proposed $1.7 Billion tax increase on its own would rank in the Top 10 tax increases as a percentage of gross state product.
How big was that mandate for the Democrats in 2006, again?

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