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To: paltz

"The court ruling ending the tax creates a potential revenue loss of $430 million over the next two years for the state, including a retroactive refund that could be as high as $150 million. That caused concern for lawmakers, who are facing a $1.6 billion spending gap in the upcoming budget cycle."

First, they are not revenue losses as they are not entitled to unearned income, taken by the barrell of a gun. Second, if you have a spending gap, well, reduce spending.

Ooops, I forgot, I should just be glad the government lets me have any of my earnings!


42 posted on 03/30/2005 12:12:47 PM PST by CSM
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To: ancient_geezer

Tax reform ping!


43 posted on 03/30/2005 12:19:24 PM PST by CSM
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