Posted by Webmaster on February 19, 2009 under News, Tax Stability, Tax Structure
The eight states north and east of California are preparing themselves for new record levels of fleeing Californians.
In response to having spent all of their substantial take from taxpayers, a coalition of 76 Democrats and 6 Republicans today passed a $13-billion tax hike. Nevada political pundits jealously coveted the plan’s “stable tax structure.”
The tax hikes include a full percent increase in sales tax, increasing the state income tax to 14%, and doubling car registration fees. The tax hike packages is about 65% the size of Nevada’s 2003 tax hike package, on a per-capita inflation-adjusted annual basis.
Standard & Poor’s has cut California’s credit rating to last place amongst 50 states.
Here’s coverage from the Wall Street Journal.
Posted by Webmaster on February 18, 2009 under News, Stimulus
Stimulus Watch has built a website that details each state’s “stimulus” projects. Nevada’s totals $1.5-billion, not including the Peidtrain.
Posted by Webmaster on February 17, 2009 under News
Nevada Assembly Speaker Barbara Buckley today unveiled a plan that could curtail new mortgage lending in Nevada for many years to come – by empowering people who don’t pay their bills to cheat the people from whom they’ve borrowed out of their money. Read about it here.
It’s already tough for a working person to get a mortgage, with some lenders requiring 30% down. This doesn’t seem like a government action that will reassure lenders their money will be safe, and may induce them to increase the down payment requirement.
Posted by Webmaster on February 15, 2009 under News, Stimulus
I cannot more highly recommend this graphic, from the Washington Post.
Posted by Webmaster on February 13, 2009 under News
Ladies and gentlemen, please welcome to the Internet…
Todd Taxpayer.
Posted by Webmaster on February 10, 2009 under News, Tax Structure
According to the Las Vegas Sun, Bill Raggio has taken Assemblyman Ed Goedhart to task over Goedhart’s failing to support the Raggio’s tax hike agenda, saying he should be more straightforward.
A closed mind will not help us reach the compromises that, whether you accept it or not, are part of the legislative process.
In the future, if you want to give me a message or talk with me, be a man…
Raggio won a GOP primary against Sharron Angle last year on his promise to not raise taxes, but has since “opened his mind.”
This Raggio mind changes state so fast, only Dr. Edgerton could capture it.
