07 November 2009

Tax Hikes Don't Work

The left has always played the same game, if only taxes were raised, problems would be solved. It would balance the budget, and help the economy.

But if this were true, then why does California, with a huge 10.6% state tax rate have a huge deficit and 12.2% unemployment rate. Meanwhile the lone star state of Texas, has no state income tax, and are enjoying a nice budget surplus, with just a below average unemployment rate of 8.2%.

Rhode Island is nearly bankrupt with their 8th highest state income tax rate of 7.75% and 13% unemployment. This, while South Dakota, has no state income tax and only 4.4% unemployment.

If only taxes were higher.

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