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I am amazed that the lights are still on here in the great state of Connecticut. What even amazes me more is that this state after the largest tax increase in history by the Malloy Administration has still resulted in a deficit.
While we are still learning the complete details of the President’s new tax proposals, allegedly to be used to reduce the debt and deficit, some in the Senate have already offered their thoughts.
Yes, I understand the current political climate requires town finance managers to beg for money from the state, and state leaders must beg for money from the federal government, but can we agree this is a problem? Actually, it’s incrementally grown from a small issue to what any well-informed TEA Party member would refer to…
We did a post recently about the problems of the California pension system. That prompted a somewhat lively discussion in the comments section about the population of California. Thanks to those comments, I was reminded of an article I read several months ago that is “exactly on point”, as we lawyers say.
About 10 months ago, Illinois passed what some believe to be the largest tax increase in the state’s history. This was on top of a tax rate in Illinois that already was one of the highest in the country. I don’t know whether Governor Pat Quinn (D.) followed this up by proudly announcing that Ilinois was open for business,…
In a twist that will tick-off taxpayers, the federal government’s plan to provide tax credits to buyers of electric vehicles has turned into a boon for golf cart manufactures. The IRS allows the full credit – $4,200 to $5,500 – to be applied to electric golf carts as long as they are road-worthy. Some buyers…
While the President is campaigning on “tax the rich” you need to understand that it is you, not the rich, that are the ultimate focus of the Democrat’s plan.
Yesterday, the Connecticut legislature passed a $40.1 billion dollar budget. Of course, it isn’t balanced but, Governor Malloy “hopes” to get $2 billion in concessions from the unions, after which, the budget will balance. It includes some $2 billion in increased taxes including a “temporary” corporate tax surcharge on a 7.5% corporate tax rate.
There were two articles in yesterday’s Wall Street Journal that caught my eye, one involving Connecticut and one involving Massachusetts. On the Connecticut side, the piece is entitled “The Anti-Christe”.
Obama lied. Today, those of you with health savings accounts (HSAs) – originally promoted by congress-critters and the federal government as a great way to reduce medical costs – are paying more for over-the-counter medications and prescriptions.