More and more the governor may be alone in thinking we can cut our way out of the budget deficit with no new revenues. We’ve told you about cutting some of the $54 billion in tax loopholes.
Now a senator has proposed a state income tax. It may go nowhere, but it maybe the first of many revenue-enhancing ideas that the Legislature should debate. Sen. Rosa Franklin of the 29th District has introduced the measure, Senate Bill 5104, “to provide the necessary revenues for the support of vital state services on a more stable and equitable basis.”
It would actually lower the sales tax and eliminate all property taxes for one year, 2010.
We’ll keep you posted on other revenue-raising ideas that may go nowhere but spark the necessary debate to save jobs, quality services and your economic future.
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