What is a good trade-off for a tax hike? Is there one?
Someone asked me this morning if there was any kind "budget deal" that contained a good enough spending/budget reform that would allow me to support a tax increase.
I thought about this for a while, and came to the conclusion that the answer is actually yes. But the spending/budget reform that would get me to that point is hardly something that the liberals who run the legislature would be open to supporting. I would need to have a true "Gann" style cap that places a hard limit on the size of state government — where state income is not allowed to expand beyond a specific formula factoring in population growth and inflation.
Of course this reform requires a vote of the people, so I guess it would have to be tied to the tax increase so that we either got both or nothing.
What is really needed, of course, is the limit, and tax cuts, as we really need to reduce the size of state government. But recognizing politics involves some give and take — this is the limit of my "generosity" on the tax issue.
Today the Governor is meeting with legislative leaders to discuss the budget. Of course, the… Read More