August 25, 2006
REWARDING SAVINGS, PUNISHING CONSUMPTION:
States attack property taxes (Dennis Cauchon, 8/24/06, USA TODAY)
At least 10 states have cut property taxes this year or are preparing to do so, part of a tax mini-rebellion that has been brewing alongside higher home prices.States are raising other taxes, especially the sales tax, and spending budget surpluses to replace lost property tax revenue. That makes the trend more of a tax shift than a net tax cut. Political leaders are pledging that local government and schools, which depend on property taxes, will be protected.
Neoconomics in action.
Posted by Orrin Judd at August 25, 2006 9:20 AM
Comments
Most research from most states will show that the recent massive run-ups in spending on "education" went for pork, payroll, pensions, and perks.
Education spending shouldn't be "protected." It should be gutted...deeply.
Posted by: Bruno at August 25, 2006 10:49 AMand that we're doing a rather good job educating our children.
Posted by: oj at August 25, 2006 10:55 AM
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