Republicans are likely to make the tax cut passed last year permanent. To hear Daniel Gross tell it, that’s a bad thing. Not so. First and foremost, taxes are not a government entitlement. Reducing spending is not a crime. It is, however, inadvisable at this time. As demonstrated during the Reagan years, reducing taxes leads…
Category: Taxation
State Government Tear-jerker
I read an amusing article today at Slate.com. “Pity the Poor, Penniless Governors” by Jack Schafer. Seems many states are suddenly noticing there’s a recession on. “Not enough money? What will we do?!”, they cry! As Mr. Schafer points out, state legislators simply need to tighten their belts and acknowledge economic realities. This means cutting…