Yes, Tax Increases Are The Only Solution (Who Would Be Dumb Enough To Think Cuts Are Appropriate?)
By: Doug Busselman, Executive Vice President
The 2010 Nevada fiscal year (and the new biennium) officially began July 1, and from the looks of these numbers you folks just aren’t meeting the grade set by our elected officials. In spite of the tax increase efforts of these elected officials adding nearly a Billion in tax increases – in this important segment of Nevada government’s funding mix (sales taxes) -- you are just not performing the way you should be. Your taxable contributions in this category are $4.6 million below the mark, necessary to meet the expectations for the level of spending increases approved by the Legislature.
As we see from the news account that we linked to, there is some hope that through the federal government’s auto sales promotion (cash for clunkers), we might have a better second month of the fiscal year in sales tax receipts than the production for the month of July. We also have been told by officials of the Obama Administration that the recession has been ended so it’s only a matter of time when we will see more wonderful times (unless you think that people having jobs matter…that might actually get worse).
Based on what we were told during the 2009 Nevada Legislative Session, by those in charge of setting the course for where we need to be going, Nevada’s government is far more important than the economic well-being of the private sector. Nothing should stand in the way of legislators approving even more spending increases to keep state bureaucrats and others who cash government checks from having to cut back. Herein is the key to the secret of having a $500,000 tax consultant to provide the 2011 Nevada Legislature with the roadmap to a taxation system that will be broad-based enough to keep government spenders from ever lacking the ability to increase their spending levels.
If only those private sector entities who aren’t paying enough into the state’s coffers would step up and do what they ought to be doing. Hard times should not stand in the way of government getting more.
Along with a new and improved report on places to find untapped tax potentials, we’ll also have the vision of 15 or so people, who legislators select to develop an idea of where we should be with the requirements for further spending requirements. It’s not certain if the vision will have anything to do with Nevada taxpayers getting measurable results in terms of outcomes, but then the only measurements that really matter are spending levels.
The 2010 Nevada fiscal year (and the new biennium) officially began July 1, and from the looks of these numbers you folks just aren’t meeting the grade set by our elected officials. In spite of the tax increase efforts of these elected officials adding nearly a Billion in tax increases – in this important segment of Nevada government’s funding mix (sales taxes) -- you are just not performing the way you should be. Your taxable contributions in this category are $4.6 million below the mark, necessary to meet the expectations for the level of spending increases approved by the Legislature.
As we see from the news account that we linked to, there is some hope that through the federal government’s auto sales promotion (cash for clunkers), we might have a better second month of the fiscal year in sales tax receipts than the production for the month of July. We also have been told by officials of the Obama Administration that the recession has been ended so it’s only a matter of time when we will see more wonderful times (unless you think that people having jobs matter…that might actually get worse).
Based on what we were told during the 2009 Nevada Legislative Session, by those in charge of setting the course for where we need to be going, Nevada’s government is far more important than the economic well-being of the private sector. Nothing should stand in the way of legislators approving even more spending increases to keep state bureaucrats and others who cash government checks from having to cut back. Herein is the key to the secret of having a $500,000 tax consultant to provide the 2011 Nevada Legislature with the roadmap to a taxation system that will be broad-based enough to keep government spenders from ever lacking the ability to increase their spending levels.
If only those private sector entities who aren’t paying enough into the state’s coffers would step up and do what they ought to be doing. Hard times should not stand in the way of government getting more.
Along with a new and improved report on places to find untapped tax potentials, we’ll also have the vision of 15 or so people, who legislators select to develop an idea of where we should be with the requirements for further spending requirements. It’s not certain if the vision will have anything to do with Nevada taxpayers getting measurable results in terms of outcomes, but then the only measurements that really matter are spending levels.
Posted by Doug Busselman at 9/25/2009 5:44 AM 
Categories: Nevada Legislature
Tags: Nevada Sales Taxes Interim Finance Tax Study Nevada Budget
Categories: Nevada Legislature
Tags: Nevada Sales Taxes Interim Finance Tax Study Nevada Budget
Yeah! After all, we DO need a LOT more money to put in "Stimulus" packages to pay more government workers to find people who don't have any money to give it to!
Reply to this