Colorado not as dope as we thought?

Regulate it and tax it! In the official proposal dated Feb. 18, Colorado’s  Gov. John Hickenlooper requested an additional $28 million in state funding for regulation of pot in the state for the time period July 2013 through July 2015 (two fiscal years). There was already $29 million allocated for enforcement and public safety in 2013. Of course, those state funds would easily be offset by the sales tax generated right? Not so much.

Read more

Connecticut tax revenue up … Until tax increases implemented 16 months ago

If you think a “balanced approach” is the right way to go, let’s take a brief look at headlines concerning Connecticut tax revenue in early 2011 as compared stories this week.

Read more

Connecticut city tries to balance budget with 5% tax on rental income – Fails

When will politicians learn efforts to increase tax revenue have a downstream effect, usually causing serious negative economic issues for the people they are trying to help?

Read more