Connecticut is approaching a
projected $365-million deficit this fiscal year, and staring at a $1.1-billion
shortfall next year. Governor Dannel P. Malloy and the Democrat dominated
legislature seem to be at a loss (no pun intended) as to how to stop our state
budget from bleeding red ink.
Folks, what we need is nice big tax
increase. No, the conservative capitalist isn't talking about adding to
the $1.5 billion wallop that Malloy has
already socked us with.
I'm talking about the only kind of
tax increase that will really improve the fiscal health of our anemic economy.
It is time to increase the amount of
taxes being paid by increasing the number of people that are paying taxes.
It is time to increase the number of
young people working and paying taxes.
It is time to increase the number of
middle class people working and paying taxes.
And yes, it is time to increase the
number of wealthy people working and paying taxes.
Governor Malloy is now being accused
by some of shredding the safety net to try and balance the budget.
The truth is, there is only one way
to painlessly shrink the safety net. You must decrease the number of people in
the net. More people working means fewer people needing help which means
dollars are freed up for other things like...oh I don't know, education. or one
could really get wacky and actually lower taxes.
Yes, it is time to increase taxes by
getting serious about encouraging and helping business to create more jobs for
our neighbors.
Unfortunately, that type of tax
increase seems to be beyond the understanding of those in charge, from the
White House to the State House.
