States move to slash income taxes to stimulate growth

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  • RedShirt USS Enterprise, UT
    Jan. 23, 2013 4:41 p.m.

    To "Ernest T. Bass" I hate to tell you this, but the bush tax cuts did not collapse the economy. The tax cuts were enacted in 2001, the economy didn't tank until 2008. That is 7 years. Plus, the collapse was due to banking regulations that made the government liable for defaults on the sub-prime loans that the regulations forced on the banks.

  • Ernest T. Bass Bountiful, UT
    Jan. 22, 2013 2:57 p.m.

    Bush cut taxes and the economy totally collapsed six years later, on his watch.
    Tax cuts aren't the answer.

  • Redshirt1701 Deep Space 9, Ut
    Jan. 22, 2013 12:10 p.m.

    To "Blue" here is what you asked for.

    Read "The Facts About Tax Cuts, Revenue, and Growth" By Michael T. Griffith. In there he points out that the Bush tax cuts lead to "52 straight months of job growth". Similar finding hold true for Reagan.

    Also look up some information on the 1920 recession and how President Warren Harding cut spending and cut taxes and gave us the roaring 20's.

    The facts are when tax cuts are accompanied by spending cuts job numbers increase and the economy grows.

  • JWB Kaysville, UT
    Jan. 22, 2013 8:38 a.m.

    The federal government partners of the states provide many dollars back to the states that may be on the chopping block. If states really are cutting back on their spending, the federal government requires some of their programs to be 50 percent funded by the states or the feds will take over the programs and take away dollars they provide.

    Again, there is no such thing as a "free lunch" even if you don't provide sodas and sweets at lunch time, gratis.

    We have become more like Europe than the Pilgrims would even picture after over 200 years. If voters don't get informed and the others that don't vote, which is a majority of those eligible, they will not have the freedoms today what the founder's of our nation envisioned.

    States were so powerful at the beginning that they felt they could secede from the Union and even raised armies and a navy to fight. President Lincoln didn't necessarily want to give us everything that people say today, that we have. All people may have become free from slavery of that type but now we can become slaves of the federal government's programs and policies.

  • Flashback Kearns, UT
    Jan. 22, 2013 7:29 a.m.

    Texas hasn't had income tax for many years. W had no impact on that so quit blaming him.

    The only problem with this is, the "rich" won't pay their fair share and the budget will be balanced on the backs of the "poor". I can just hear the democrats whining.

    The good thing about a consumption tax is, everyone pays and participates in the govenment. No free rides.

  • jlglex Provo, UT
    Jan. 21, 2013 6:48 p.m.

    Glad to see some politicians headed in the right direction.

  • Blue Salt Lake City, UT
    Jan. 21, 2013 4:43 p.m.

    Show me the state that isn't sweating bullets looking for ways to pay for their schools, roads, social services and public safety programs, etc.

    Show me when tax cuts have ever resulted in job growth.

    These Republican governors and legislators are just pandering to the fantasies of the far right because they fear being primaried out of office in 2014.

  • GK Willington Salt Lake City, UT
    Jan. 21, 2013 2:24 p.m.

    @ Irony guy

    Wasn't there a former POTUS who was in charge of the lone star state?

  • Screwdriver Casa Grande, AZ
    Jan. 21, 2013 2:05 p.m.

    Back handed corporate tax cut since a business is exempt from sales tax. You just have to give them your tax ID for your business and you don't pay sales tax so their excuse that it cuts down on paperwork is not the reason.

  • Irony Guy Bountiful, Utah
    Jan. 21, 2013 12:32 p.m.

    TX is facing a $25 billion deficit. This is the result of spending money without having an income.

  • one old man Ogden, UT
    Jan. 21, 2013 11:07 a.m.

    Going to be very interesting to see what happens. But political tricks don't usually turn out very well.

  • JoeBlow Far East USA, SC
    Jan. 21, 2013 10:11 a.m.

    "Texas is one of seven states with no income tax.
    But Texas makes up for it by having the third highest property taxes nationally."

    They are gonna get you one way or another. Probably one of the biggest issues is retired people.

    The would rather have an income tax with low property taxes.

  • Johnny Triumph American Fork, UT
    Jan. 21, 2013 9:57 a.m.

    Wonderful that states are assuming the control that the Fed govt refuses and that the people of our country refused to vote someone as President who would make the necessary changes.

  • My2Cents Taylorsville, UT
    Jan. 21, 2013 3:23 a.m.

    Hypocrites in action again with more lies and deceptions. If more than half the population is not paying income taxes and the other half has income well below the minimum taxable income then this claim is just political fodder.

    In Utah most poverty jobs are paid by welfare and already a taxpayers liable and would not help our economy at all. Besides, taking income taxation out of the loop also takes representation out of the loop and opens the doors for all government agency's (UPD, UTA, TRAX, UFD, UDOT, BOE, Welfare, DMV, DWR, etc) to establish their own taxation programs that are not regulated by any laws or representation.

    What ever theses states do on taxation they must make sure representation is required for all other government entities, agency's, and fee driven government services. Just like banking, interest rates are negligible but the their non negotiable fees and penalties are 100+ times the highest interest rates ever charged in the banking/loan industry. It make pay day lenders and loan sharks look like an honest business.