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Article: Choosing fantasy or facts; Tax cuts keep industry here and humming.(COMMENTARY)
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 The Washington Times LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Richard Rahn, SPECIAL TO THE WASHINGTON TIMES
Have you noticed that many politicians who have trouble dealing with reality also seem to prefer fantasyland when dealing with budgets?
Those on the left never stop claiming that problems will be solved if only tax rates are increased. Why then does California, with its 10.6 percent state income tax rate, have a huge budget deficit and a 12.2 percent unemployment rate, while Texas, which does not have a state income tax, enjoys a budget surplus and a below average unemployment rate of 8.2 percent?
Why then does nearly bankrupt Rhode Island with the eighth-highest overall state tax burden in ...