A Letter to the Editor in today’s IR extolled the virtues and benefits of taxes. The author, Sarah Wilhelm, is the research director at the Montana Budget and Policy Center, which provides in-depth research and analysis on budget, tax and economic issues. And pretty much has never found a tax or government spending plan it couldn’t embrace, or a corporation it couldn’t excoriate. After extolling the virtues of tax revenues and bemoaning the lack of sufficient resources for more and bigger state programs, Ms. Wilhelm justifies her call for increasing state revenues with the following:
Across the country, state leaders from both parties have responded to the recession by creating new revenue instead of just cutting services. They have closed corporate tax loopholes, collected lost revenues, and in some cases raised taxes. These states’ economies have not been harmed in the short run and will reap the benefits of sound public investments in the long run.
I have just one question: Which states would you be referring to? California? New York? New Jersey, Florida, Nevada, Colorado? C’mon, Sarah – give us a hint. Which states are rolling in all that new cash? The media seems to have missed the good news. And I know our legislators would just love to know where to find a new stash.
Sheesch!