Posted on 05/02/2003 12:04:08 PM PDT by bruinbirdman
The Economic Forum -- created a decade ago to insulate state lawmakers from politically inconvenient decisions regarding state tax revenue projections -- estimates Nevada will reap an additional $328 million over the next biennium when compared with the current two-year spending plan.
That translates into a 9.2 percent increase -- oh, the horror! -- in how much money legislators may budget to spend over then next two fiscal years, beginning in July. The numbers are binding.
Yet, it is -- no kidding for the families who must dig deep -- not enough.
"The Economic Forum's projected revenue numbers simply reinforce my belief that Nevada needs to pass a broad-based business tax to address the challenges that await us during this decade," said Gov. Kenny Guinn, a Republican.
In fact, massive tax increases -- the governor seeks the biggest boost ever considered in Carson City, $1 billion -- are necessary only to support new high-ticket items and expanded programs. The Forum's estimates reinforce the obvious: Regardless of how long Nevada's spending class agitates about the "instability" of the state's tax base, revenue continues to climb consistently and significantly.
But it will never be enough, will it?
Another politician peddling the idea that businesses can pay taxes, as opposed to serve as collection agents for the government extracting more taxes from individuals.
From individuals to other individuals.
On of the most disgusting things about the state of affairs in Nevada is the huge increases in state and Clark County pay rates--aside from the percentage who are lawyers, over half the Nevada legislators are also on the public payroll--
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.