Thursday, January 15, 2009

When You're In A Hole, Keep Digging

Posted By on Thu, Jan 15, 2009 at 9:34 AM

Daniel Scarpinato of the morning daily tells us that business leaders who visited the Capitol yesterday had one big request for state lawmakers: Cut the state property tax permanently.

The tax, which was suspended for three years as part of a bad budget deal cut between Gov. Janet Napolitano and Republican lawmakers, is set to return this year. You might think, given that the state is facing a shortfall of somewhere around $3 billion (if you count this year and the upcoming fiscal year), that the state could use another $250 million, which is what the tax would bring in.

But the GOP majority is convinced that by cutting the tax (which, by the way, costs the average homeowner less than $10 a month), they'll stimulate the economy. Sure. And that's why, after suspending the property tax and cutting income taxes by $500 million three years ago, the economy is performing so well. Oh, wait--we're on the verge of the greatest economic crisis since the Great Depression.

Is it possible that cutting taxes doesn't automatically spur the economy? Is it possible that raising taxes--strategically--can help the economy? It seems like the tax increases of the early 1990s put the United States on the path to a booming economy that left the federal government with a surplus (which was, of course, squandered by the Bush tax cuts, but I digress.)

At any rate, all the arguments in the world won't make a difference with this legislature. Tax cuts are an article of faith with them.

Comments (3)

Showing 1-3 of 3

Add a comment

 
Subscribe to this thread:
Showing 1-3 of 3

Add a comment

Previously in the Range

More by Jim Nintzel

Today | Sun | Mon | Tue | Wed | Thu | Fri
DO(OM) Yoga

DO(OM) Yoga @ Floor Polish

Sundays, 8-9 p.m.

All of today's events | Staff Picks

Staff Pick

Carnival of Illusion: Magic, Mystery & Oooh La La!

This top-rated illusion show is "Revitalizing Magic" by blending an international travel theme with all the charms… More

@ Scottish Rite Grand Parlour Saturdays. Continues through April 14 160 South Scott Ave

» More Picks

Submit an Event Listing

Popular Content

  1. Laughing Stock: The People's Pervert Does Christmas (The Range: The Tucson Weekly's Daily Dispatch)
  2. Casa Video Top 10 (The Range: The Tucson Weekly's Daily Dispatch)
  3. Facebook-Free Friday (The Range: The Tucson Weekly's Daily Dispatch)
  4. Lil Peep Passes Away Before Show at The Rock (The Range: The Tucson Weekly's Daily Dispatch)
  5. Trusting Entrepreneurs to Improve Education: A Cautionary Tale (The Range: The Tucson Weekly's Daily Dispatch)

© 2017 Tucson Weekly | 7225 Mona Lisa Rd. Ste. 125, Tucson AZ 85741 | (520) 797-4384 | Powered by Foundation