Tax reform commission recommends cut taxes, tax increases
The Governor’s 21st Century Tax Reform Commission released a report today (Feb. 13) calling for the modernization of the state’s tax system, saying the state budget crunch presents an opportunity for tax reform.
The 15-member commission heard testimony from tax experts, business leaders, others, and recommend a series of reforms — a number of which Gov. Tim Pawlenty has proposed in his state budget.
Some of these include the repeal of the corporate income tax — the governor proposes to cut it — and simplifying the state property tax system.
The commission went on in their recommendations to suggest that to pay for the tax reform lawmakers should consider extending the sales tax base and increase the excise tax on cigarettes.
Although Pawlenty is opposed to raising taxes, he has indicated a willingness to consider it if the impact is revenue neutral.
Here we go, picking on the smokers again. If it were as bad as some people would like you to believe, it would have been banned back in the 60′s, but no, we just want to tax them to death.
With that in mind, why don’t we have a pro-rated automobile gas tax? A car that get 100mpg would pay nothing while a car that gets 5mpg would pay $5 per gallon tax. The same line of reasoning as used on cigarette smokers to get them out of the bars – second hand smog is bad for everyone, or is it? Sure would raise one heck of a lot of money for the state coffers.
Now if they cut income taxes on companies, does that mean that the CEO’S get a larger bonus because they made more money on paper?
Now that brings me to another income related tax LOL. CEO’s that take their companies into the ground should be taxed at the rate of 99% of all income over $500,000 and perks, than make it retroactive for the 6 previous years that they were CEO of that company.
Food for thought for new TAXES.