Verdandi wrote:
ooOoOoOAnaOoOoOoo wrote:
In some states, maybe, but not in every state. Since the economy is on a steady decline, people are spending less, there's less sales tax revenue. Less work means less taxation on paychecks. It's a downward spiral. States that weren't having budget problems are now experiencing them. It can rapidly become a widespread, catastrophic problem as many states grapple where to cut costs at once.
I'm talking about taxing the top 10-20% and corporations more. That's where the money is. I do not mean taxing the people who don't have more money, as that's one part of the problem, and in no way a solution. The money is there, it's mainly being hoarded at levels that don't benefit the rest of the nation.
There are other problems as well - income failing to keep pace with cost of living, for example, or the government's definition of poverty level.
Oh yeah, I do think they should tax the rich and corporations, but, there's a huge movement against that at the moment. Conservatives say it kills jobs so they fight it tooth and nail. Why not raise taxes a little bit, then bring them back down when the economy improves?
The state I am in wants to lower state income tax by a paltry amount, by a fifth of a percent or something. It's ridiculous to even consider tax cuts when they are so short on revenues, imo.