Superfly
Topic Author
Posts: 37735
Joined: Thu May 11, 2000 8:01 am

GOP Governor Raises Largest Tax Hike

Wed Jan 22, 2003 5:33 pm

So much for tax cuts, slash and burn philosophy of the fiscal conservatism.
Nevada Governor Kenny Guinn raises the largest tax hike in Nevada state history.

http://www.cnn.com/2003/ALLPOLITICS/01/21/nevada.taxes.ap/index.html

Gov. Guinn:
Without new funds, seniors would lose nursing home care and affordable medicine, students from kindergarten to college would suffer, and children would lose health insurance

WOW, he sounds like a bleeding-heart liberal Democrat.




Bring back the Concorde
 
heavymetal
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RE: GOP Governor Raises Largest Tax Hike

Wed Jan 22, 2003 9:52 pm

I'm sure Herr Rove will remind the GOP governors none too casually that talking depressingly about their budgets is "off-message" , detrimental to The Party and needs to cease quickly.

"GOP governors should be talking about STOCK DIVIDEND TAX BREAKS, CLASS WARFARE, AND THE PRESIDENT'S CONCENTRATED EFFORTS ON IRAQ WHICH HAS NOTHING TO DO WITH OIL. Jesus, don't people read their faxes. "
 
desertjets
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Joined: Fri Feb 18, 2000 3:12 pm

RE: GOP Governor Raises Largest Tax Hike

Thu Jan 23, 2003 1:55 am

A lot of governors, Democrats and Republicans alike are realing with record deficeits in their states. And unlike the feds they have to balance their budgets. In most states budgets have been cut as much as is reasonably allowable without cutting into services that are deemed critical, namely k-12 education.

Every ten years the boom/bust cycle repeats itself. During busts budgets are trimmed, during booms the state reinvests back into its agencies. Generally each time those agencies become better in the process and better accoutability measures come to the front. But during the last boom the states failed to reinvest in their institutions. Rather the boom was put into unwise tax breaks. Many agencies, that were already underfunded, were forced to make critical cuts.

Raising taxes and changing tax schemes is the only feasible way of saving state budgets. Most states' tax schemes only produce adequate revenues in very strong economic times, in other times they create structural deficeits. You can't have your cake and eat it to should be the lesson to everyone.
Stop drop and roll will not save you in hell. --- seen on a church marque in rural Virginia
 
Omegous
Posts: 285
Joined: Tue Nov 13, 2001 12:09 pm

RE: GOP Governor Raises Largest Tax Hike

Thu Jan 23, 2003 10:31 am

I don't even remember WHY I voted for him anymore...

While I don't own a house/property that part won't affect me, it will affect my parents. BIG time. They already pay a huge amount in taxes a year, and then this will add something like $2000+ more a year!! But the other taxes he is trying to pass will affect me.

MORE entertainment taxes (already pay almost $9 a ticket for a movie, and then add THIS tax would make it almost $9.50!!!..I know that sounds minor, but he would tax ALL entertainment from bowling to shows).

Good god....where the hell did $900 million go in NEVADA??!? How about taxing occupancy at hotels, or things of that nature. Nooo....screw the locals.
 
Superfly
Topic Author
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Joined: Thu May 11, 2000 8:01 am

RE: GOP Governor Raises Largest Tax Hike

Thu Jan 23, 2003 10:36 am

It's hard to imagine Nevada to be broke.
Bring back the Concorde
 
Omegous
Posts: 285
Joined: Tue Nov 13, 2001 12:09 pm

RE: GOP Governor Raises Largest Tax Hike

Thu Jan 23, 2003 3:12 pm

Superfly...I agree..lol..

I seriously don't understand where all the money is going. They claim the growth is costing money, but you'd think that with the increased growth revenue would increase along with it.

Hmmm
 
mls515
Posts: 2954
Joined: Mon Jun 26, 2000 5:56 am

RE: GOP Governor Raises Largest Tax Hike

Thu Jan 23, 2003 3:27 pm

I imagine a lot of people aren't going to Nevada to gamble as much as they used to in the current economic situation. There goes some revenue right there.

Heck, I can drive a few minutes across the metro area to play some slots. And for the popular table games, two casinos are less than an hour away. And I live in Iowa, part of the "boring" Midwest. There's also a lot of online betting nowadays as well.

DesertJets hit the nail right on the head, most of the states cut taxes too much during the last boom so now that earnings are down, the states no longer have adequate revenue coming in like they did during the boom. That's why I voted Democratic at the state level last time despite my chosen party affiliation.
 
desertjets
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Joined: Fri Feb 18, 2000 3:12 pm

RE: GOP Governor Raises Largest Tax Hike

Fri Jan 24, 2003 12:37 am

Where did the money go???

Well most states are extremely dependent on sales taxes for revenues. There are several states that do not even have income taxes... Texas comes to mind. Beyond the sales tax all the states can really tax is your income... which is primarily what the states cut during the 90s, and property taxes... which are largely retained by the local counties for schools.

When an economic downturn occurs sales tax revenues dip, simply b/c people are consuming less. Most states generally don't tax, or at least at the same rate, purchases like food and medicine. In a state like Nevada, especially after 9/11, with tourism and travel down I would expect sales tax revenues from hotels, restaraunts, rental cars etc... to go down. Plus I would assume that Nevada, like Arizona, taxes hosipitality items like hotels and rental cars higher. In AZ the sales tax to rent a car was 12.6%. With less revenue coming in from income taxes the state falls short.

Growth itself is expensive. Sure in the long term with more citizens you will have more revenue, but you also have more services to provide. The localities and state need to build more roads, schools, expand utility service... provide the basic infrastructure that you need. And all of this is not cheap. And until recently the cost has been borne mostly by the state... developers are now required by law in many places to pick up more of those improvement costs.
Stop drop and roll will not save you in hell. --- seen on a church marque in rural Virginia
 
srbmod
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Joined: Tue Mar 20, 2001 1:32 pm

RE: GOP Governor Raises Largest Tax Hike

Sat Jan 25, 2003 5:46 am

We've had a GOP governor for a little more than a week, and he proposed tax hikes within 3 days of taking office. He wants to raise the state taxes on tobacco products and alcoholic beverages, and lower the deduction on property taxes. Essentially, he's screwing over to middle class, which is becoming the lower class thanks to the GOP nationwide. What's really funny is that until a few years ago, our new governor was a DEMOCRAT! He switched parties since he knew he could never be the Democratic candidate for governor because of the powers that be. This same guy wrote the bill that deregulated the natural gas industry about 4 years ago, and the results of that have been worse than when the industry was a monopoly.
 
Guest

RE: GOP Governor Raises Largest Tax Hike

Sat Jan 25, 2003 6:04 am

"WOW, he sounds like a bleeding-heart liberal Democrat."

So you should love him!

Geeze, a Republican leader propeses a tax cut, and all you do is bitch, bitch, bitch. Now another Republican leader proposes a tax hike, and what do you do? You keep on bitching.

Make up your freakin' mind already!

'Speed
 
Superfly
Topic Author
Posts: 37735
Joined: Thu May 11, 2000 8:01 am

RE: GOP Governor Raises Largest Tax Hike

Sat Jan 25, 2003 7:05 am

NormalSpeed:

Relax.  Smile

I am not bitching at all. I just think it's kind of funny to see these Republicans change there tune on taxes when faced with realities of having to balance a budget. For years Republicans stood on the sidelines screaming for tax cuts. Now that they are in the Captians seat, what do they do? Raise taxes anyway.

I am no fan of taxes either. Democrats pay taxes too.  Big grin
You don't get something for nothing. Certain markets and services can't survive in a purley market driven economy.
Bring back the Concorde

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