Wednesday, July 29, 2009

States Increasing and Adding Taxes

Even though it was promised that most Americans wouldn't see a penny increase on their taxes, States suffering with looming budget crises are looking to increase, or "adjust" tax code to offset expenses. While Reaganomics proposed to alleviate pressure on workers at the bottom by cutting taxes at the top; it seems Obamanomics can be summed up as refusing to help the top (Federal) and allowing the bottom to suffer (State and Local). It would be nice if I heard record "personal profits" more then "tax profits" in the news. This deficit and economic nightmare is only beginning...
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