December 2, 2005

Taxation

Projo Editorial Page: Deficit Reduction is Tax Relief

Carroll Andrew Morse

Today�s Projo editorial page weighs in on whether deficit reduction automatically qualifies as tax relief�

Rhode Island distributes money for tax relief to municipalities that meet the criteria for "distressed communities��.

This year, North Providence qualified for $509,000 under the program, so Mayor Mollis has proposed that the money go to paying off last year's deficit.

This is defensible. Interest on a debt of this size is considerable, and the proposal is tax relief -- of a prospective kind.

Will they, and other supporters of this view, accept its logical inverse: increased government spending automatically counts as a tax increase?

8:02 AM
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Sounds worthy of a quick scribble off to the ProJo letters-to-the-editor, to me!

Posted by: Marc at December 2, 2005 9:41 AM