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Taxes deprive the private sector of money. The net effect of not cutting programs when tax revenue is down is that you have to raise taxes even further to mak
by spkthed 17y ago
Taxes deprive the private sector of money. The net effect of not cutting programs when tax revenue is down is that you have to raise taxes even further to make up the gap increasing depression on the very area you are trying to help grow.
California is facing a 23 billion dollar budget deficit and their bond ratings are junk. It's going to be interesting to see what they do.