Thursday, March 12, 2009
And then they leave hanging out there this line
New Resources, $2.1 billionThis fools nobody: we know that means a tax increase. (Don't you DARE call it a fee!) $2.1 billion is the opening bid. $2.1 billion plus whatever Education Minne$ota ducks of the cuts mentioned. Lest you have any doubt, see Steve Perry observing the toe tag on Sen. Ann Rest's rather sensible tax bill.
Rest has touted the proposal as revenue-neutral. And that's a problem in the view of some Senate DFLers, who think Minnesota needs a revenue-neutral tax overhaul like a burning house needs a fresh coat of paint. While practically everyone respects Rest's command of the tax system, there seems to be no shortage of skepticism about the political timing of the measure. In the words of one well-placed Senate DFLer, "Our problem this year isn't pleasing the business community. It's fixing the deficit."And fixing the deficit, and getting the economy to grow again, is to raise taxes? As observed elsewhere,