A Tax Increase of Staggering Proportions
The "Stimulus" has a sleeper clause in it that directs the states to collect the taxes to pay for all the welfare spending after two years. Unemployment benefits are expanded as are eligibility requirements meaning that we are all prisoners of the federal government. We will choke on this thing in 2011
2 comments:
Not that I don't believe you, but could you direct us readers to the "sleeper clause" in question? Thx.
There's more than one. I live in CA and after the first two years it's killer for the states. Go here, but I warn you the usual governmentese is the language spoken. It's one of those things: "Don't worry aboud it, the economy will be roaring by 2010 and you won't feel it." www.lao.ca.gov/analysis_2009/health but there are many more depending on the state. In addition there is a 12% federal sales tax plus some of the scariest taxes on business you can imagine. I think we are fucked....http://www.americanchronicle.com/articles/view/91908
Post a Comment