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« Excellent Taxpayers Bill of Rights Information | Main | The Tax-And-Spenders Attack TABOR » January 31, 2004Well... YeahHere's a report on how the growing economy is helping state budgets. And an interesting bit of info given how Tennesseans were told during the four-year Income Tax War that the income tax better reflected economic growth than the sales tax: Some tax revenue sources will track economic growth more closely than others, however. "Sales taxes closely follow economic growth," said Chris Edwards, a fiscal policy analyst at the Cato Institute. Other state taxes, like those levied on personal and corporate income, take longer to reflect improved economic growth.Huh. So if Tennessee had adopted the income tax plan proposed by then-Gov. Don Sundquist, Tennessee would not be piling up the surplus revenue at the rapid rate it now is. Posted in Economy & Business
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I read last week that NY is $1.4 Billion in the black, and that RINO is going to give $400 back to homeowners, renters get squat. But only homeowners of a certain mid-low income level. Posted by: Sandy P. at February 1, 2004 11:28 PMPost a comment
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