Mo’ taxes, mo’ problems

The legislature is debating several new tax increases:

  • CigarettesĀ up $.54/pack (on top of the most recent increase from S-CHIP)
  • Liquor tax to be increased by an undisclosed amount for the first time in 20 years
  • A new upper tax bracket (starting at $300,00/household), taxed at 9% (one of the highest in the nation)

There is a comment fromĀ House Taxes Chairwoman Ann Lenczewski, DFL-Bloomington, saying that since tax cuts hurt people, and increases hurt people, so they are taking a “reasoned, balance approach.”

Except I have not seen one word about these cuts. Only increases.

I don’t know about you, but I think that raising tax rates in a recession might not be the best idea.

(via Star Trib)

3 Comments so far

  1. Robert Moffitt (justpbob) on April 20th, 2009 @ 1:13 pm
  2. kevinfromminneapolis on April 21st, 2009 @ 6:14 am

    Because the bill nets a $1.5 billion increase, that’s why you’re not hearing about supposed cuts.

    It also takes iTunes downloads and the private sale of ATVs, snowmobiles and boats, in addition to eliminating mortgage interest, charitable contributions and other deductions and credits. They would be replaced with new ones, but the net impact of the bill is that most people would see an increase.

  3. greg on April 26th, 2009 @ 4:37 pm

    Change we can believe in, eh? Super duper.

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