Saturday, March 03, 2012
All for one and one for himself
Idaho, the Potato Head state has moved another step closer to raising a generation of Conservatives a la John Stuart Mill. Having gutted health care and education funding, condemning the next generation to ill health and ignorance, the are cutting taxes for the wealthy and corporate overlords.
Over the last three years, Idaho, like most states across the country, has had to slash its budget in the wake of the Great Recession. The state has gutted education and health care spending, slicing its higher education budget below 2001 levels, while cutting millions from its mental health funding.As history has repeatedly shown, this is a short sighted move. Eventually the heaving masses in their misery will give birth to a leader who will overthrow the cruel and greedy overlords. Who am I kidding. The fat potato heads will watch their Fux, eat their cheetos, listen to Rush while arguing whether Ford or Chevy is better as Toyota kicks butt around NASCAR.
But as the same time that they felt the need to cut funding for these important areas, Idaho Republicans managed to find tens of millions of dollars to cut the state’s top tax rate and corporate tax:
A $36 million tax cut for Idaho’s top earners is roaring through the Idaho Legislature, backed by Gov. Butch Otter and co-sponsored by a majority of the members of the Idaho House.
The move comes even as Idaho’s reeling from three years of deep budget cuts to everything from schools to Medicaid, very few of which are being restored. [...]
The bill would lower Idaho’s top individual income tax rate from 7.8 percent to 7.4 percent, and lower the corporate tax rate from 7.6 percent to 7.4 percent; that would take $35.7 million out of the state’s tax revenue stream next year and every year thereafter.
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