CNNMoney.com: “Strapped states hike taxes and fees by $24 billion for fiscal 2010. Residents pay more for speeding, entering horses in races and digital downloads. . . . a record $23.9 billion in tax and fee hikes and $7.7 billion in other revenue increases enacted by states in fiscal 2010, according to a report released this week. This is a massive jump over the $8.1 billion in revenue hikes instituted the previous year. ‘These are the highest tax increases ever,’ said Scott Pattison, executive director of the National Association of State Budget Officers, which co-produced the semi-annual report with the National Governors Association.”
The Tax Lawyer’s Blog says this about our tax and spend elected officials:
It is one of the tragic facts of our current predicament that in the midst of a recession politicians find it easier and more politically palatable to take money from the citizenry they purport to represent than to do the hard work of cutting spending and eliminating waste. As long as our elected officials remain indolent and cowardly, government will continue to grow and the power of “we the people” will commensurately shrink.
Related posts:
- States Continued to See Sharp Declines in Tax Revenue During Third Quarter of 2009
- 10 States Where Taxes Are Rising the Most
- Fending Off Health Taxes
- 17 Tax Increases in Senate Health Care Bill = $370.2 Billion
- Sin Taxes on Soda, Alcohol & Cigarettes: Congress’s Latest Vice
- ObamaNomics: An Endless Downward Spiral
- 13 New Tax Hikes in House Obamacare Bill
- 2010 Federal Income Tax Rates
- What Higher Taxes Will Really Mean
- The Tax Tsunami On The Horizon
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