New Hawks’ plan is disappointing and hypocritical Friday, May 10 2013
Hawks crash to Earth
The new fiscal proposals by the “Hawks” and Democrat Caucus to “balance” the state budget is very disappointing.
The main features are:
1. A three-year tax amnesty plan to raise $200 Million from delinquent taxpayers. While that may meet the statutory definition of “recurring revenues” in practice is just “one-time revenues” by another name. The revenues are also highly speculative much like Bobby Jindal includes in his budgets.
2. Better tax collection efforts on Internet sales $20 Million. That is the same type fictitious revenues used by Bobby Jindal to balance the budget. Jindal regularly includes revenues from unnamed and unknown “efficiencies.”
Finally, this new plan while replacing one-time and fictitious revenues with different one-time and fictitious revenues, it does nothing to address the $1.2 Billion shortfall except to kick the can down the road another year.
The plan is not only disappointing, but it is hypocritical.
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