RI House Leaders unwrapped a slew of tax reforms entitled the "Taxpayer Relief Act of 2006." Here are the bullet points of the nine-point proposal:
With this type of tax reform, how do house leaders propose to pay ever-increasing social service programs or state pensions? I'm all for reducing income and sales taxes, and especially making the overly burdensome car tax moribund at a more rapid pace. However, tax reform cannot come without review of various state programs/expenditures.
Lastly, has House Speaker Murphy been attending conservative economic theory classes? I ask because he says:
The ultimate goal is to put more money directly into people's pockets both by giving relief to those who need it and by making Rhode Island a more attractive place for businesses that will provide high-paying jobs for more Rhode Islanders.
I have yet to read all the details, however, it looks good on the surface. You just know that this has got to be driving those folks over at the lefty blog totally nuts!
The way I look at it, they're trying to "out-Carcieri" Governor Carcieri. You don't think there could be a POLITICAL motive, do you?
I'm sure Gov. Carcieri doesn't mind this kind of imitation. As Reagan used to say "There's no limit to what a man can do when he doesn't mind who gets the credit."
Posted by: Will at February 3, 2006 5:20 PMDon, I too would like to know where the spending cuts will be made. But I won't be arguing for it loudly. Let them cut taxes as a first step. Spending cuts will follow. Identifying specific cuts now will alienate individual representatives, who will base their votes on how their districts and special interests will be affected. Reform would be doomed.
Posted by: rightri at February 3, 2006 10:57 PMDon't you think the Democratic leadership is taking their "tax-cuts for the rich" meme too literally? Their using a talking point detached from reality -- Dems use "tax-cuts for the rich" to describe any Republican tax relief plan -- to establish policy, which can't be a good thing.
Wouldn't either a cut in corporate tax rates, making it easier for anyone to start a business in Rhode Island, or lowering taxes on investment income, which would benefit people in the middle class, as well as "corporate decision makers", be more sensible alternatives?
Posted by: Andrew at February 4, 2006 9:52 AMDon touches on something that foreshadows why this plan is going nowhere.
There won't be any spending cuts. The Gov. (rightfully) will ask for them. The Dems are duty bound to reject them.
They'll get to blame the gov. for sabotaging tax reform and a minimal tax reform package will pass with the same out of control spending still in place.
Posted by: john b at February 4, 2006 5:43 PMJohn,
I think you're right. However, there is something positive to take from this and as conservatives we shouldn't miss this point.
The House, by making these proposals, is shifting to the right. That means what the governor has been preaching resonates with Rhode Island and the House Dems are trying to wrest 'economical sense' away from the governor's office into their own hands.
But they're going to have a very difficult time as the list of social service programs grow and tax revenue doesn't grow at the same rate.
Posted by: Don Roach at February 5, 2006 2:38 AM