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Message
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Posted on 3/29/17 at 9:30 pm to BigJim
quote:
Oh absolutely, but there is a lot of good structural changes and the rate can be fixed to make it not a tax increase.
Well if the rate can be fixed to make it not a tax increase why do it? If more money is collected on the same number of people it is a tax increase on somebody. The whole point is to collect more money. That is the dem answer to everything because such a huge portion of their voters are mooches who don't pay anyway.
Posted on 3/29/17 at 10:09 pm to BigJim
quote:
Oh absolutely, but there is a lot of good structural changes and the rate can be fixed to make it not a tax increase.
When Ohio did this, they did it also as a package of swaps, kind of like JBE is proposing a package. However, in Ohio, the net result was a 2.4 Billion a year TAX DECREASE. They did this package as a way to make the state more competative to business, and as a tax reduction.
JBE's proposal is going to result in about, give or take, 400 million in new money. Now, it's not really increasing spending... but it is designed to fix these structural deficits which are averaging out to be about... 400 million.
Everything else is a swap.
When I was briefed on this on Monday, we were told, point blank, that this was not meant to be a state level corporate AMT. But that's exactly what this is, and they admitted that today.
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