Posted on 05/16/2020 2:32:03 PM PDT by MeneMeneTekelUpharsin
Higher sales tax. General Mills in Maine is already working on it. Not one thing has been cut in Maine government.
Open the economy and this problem will slowly go away.
Politicians made this happen.
All the cities around me contract trash pickup to private companies.
Maybe...just maybe, the governments could downsize by cutting the 50% (at a minimum) dead weight, by cutting pensions, by cutting benefits, by closing duplicate departments, by stopping travel to meetings (use skype or ?), by cutting the various perks the “workers” have and so forth. But, no...likely they will raise taxes and hire more government “workers” to make the Citizens’ lives more difficult.
With this and all of the cuts to university budgets, Pelosi, Schumer, Nadler, AOC, Tlaib, Omar, Schiff and the rest of the Democrats and the media STABBED THEIR OWN CONSTIUENCY. WHY can't people see this?????????
-2- The Fed buys the bonds.
-3- Fed forgives bonds?
For government that means cutting jobs when unemployment's already probably 25%.
Want the economy to recover?
Exactly.
Cut spending and tighten your belts, at least for a year.
I am sure that tax increases will happen.
If there are shortfalls of 30%, as in your example, I would expect that the powers that be will raise tax rates by 30%, to make up that shortfall.
I expect there will be packages of spending cuts and tax increases to make up the deficits projected. In most states, the tax revenue comes from state income taxes, sales tax, gas and diesel taxes, property taxes, car registration fees, and a broad amount of taxes on businesses. Expect increases in all categories of taxation. But the powers that be will do it so that there are not huge increases in any one type of tax. Then they will say that, for example, income taxes went up “only” 10%, or sales tax went up only “2 percentage points”, etc.
I am bracing for the shock waves in California, as California is projecting a $54 billion budget deficit. That’s serious money. A few billion here and a few billion there, and you are talking about real money. Not to be too flippant, but all of us are going to have increased taxes and fees to pay, everywhere in America.
I hope we can avoid a federal income tax increase. If Biden wins the election, a federal income tax increase is virtually certain to happen, on top of all the state and local tax increases we are facing.
You’ll get nowhere with sound logic and cogent ideas.
Funny, as if those paying the taxes have not been hit with the brunt of this shutdown, losing jobs, businesses, investments, opportunities, can't make rent, car payments, mortgages etc...
Based on this, government at all levels will simply need to downsize and cut back significantly.
* Property tax levy here, failed. Winning.
* Dewine Ohio, massive cuts, Winning.
* States and locals going for free Fed cash Bailout. Losing
Actually, here in MA. It’ a 3 month vacation as school doesn’t end until at least the 22nd of June. They’ve been out since mid March.
Our city reps just approved part of the stimulus bill to grant 18 million dollars to illegals!! INSANITY !! F their sales tax...stick it up their ..where the sun don’t shine!!! EFFIN communist liberals!! They abused that money that was supposed to help struggling Americans ..they turned the tables around and flipped off the president!! ugggghhh!!
Yeah...those are like Kryptonite to government “workers”.
“They open the doors to commerce. It’s Trump’s ultimate trump card.”
Yup. When they have to start laying off teacher’s union members is when it gets real for D’s. In my state at least, the D machine does not function without teacher’s union money and bodies. And when the NGO’s who provide the ecosystem the D’s live in start losing grants and vig, it gets even worse.
The people who support the unions and the NGO’s financially are taxpayers, who aren’t paying much in the way of taxes right now.
So our rulers suddenly have to start making hard choices. Do I stop fixing potholes in the roads or eliminate a grant to a mental health for minority and trans felons program (which subsidizes their woke caring professions ecosystem) or do I eliminate money to keep paying members of the teacher’s union. (Obviously, they will stop fixing potholes first but that doesn’t last long).
Most of their supporters are hiding at home clutching pearls certain that leaving their home will result in sudden, painful death on a ventilator.
D’s who run things here live in a tiny little bubble populated by other woke people.
They hardly know anyone who has lost a job or a business because of the lockdowns. When teachers unions and NGO’s start hurting, suddenly, they will know someone who got hurt and it will hurt their personal and campaign pocketbooks directly.
That’s when they will suddenly decide that we have to open up!
“But no one is discussing the other aspects of the lack of sufficient tax revenue. Blacks will be re-enslaved and homosexuals will all be thrown off roofs. Browns will all be deported (even the legal ones) and children will all be neglected and starve. The forests will all be razed to the ground and sea levels will rise dramatically. Membership in the Klan will skyrocket and women will lose the right to vote. Not to mention cats and dogs living together.”
Hadn’t thought of that although I should have. Because spending a lot of tax money has fixed all of those problems! And now they have to come unfixed!
What you said. And trannies can’t hang out in school restrooms after doing performance art.
On a larger scale, eliminate “non essential” govt department and agencies.
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