Los Angeles, California – October 13: Governor Gavin Newsom watches a rally to celebrate the … more
Government spending on economic growth, which is not knowledge. It usually refers to my upcoming book The illusion of deficit that the central and politicized distribution of goods, services and work in a sub-envelope way by politicians sets a wet blanket for economic growth.
What makes the financially aggressive nature of government spending worth mentioning is the ongoing debate on state and local taxes, also known as Salt. Governors in high tax states would like to return to the old tax game status, where state and local taxes paid could be deducted 100 % against federal tax accounts. Citizens of Red State should receive this gift from people with names like Newsom and Pritzker and run with it.
Except that red state politicians are largely a walking stick. So are their citizens. They see the unlimited deduction of state and local taxes as a subsidy for blue state taxpayers and an incentive for blue states to tax and spend at the cost of federal tax collections. Their reviews speak with the undeniable good of an unlimited salt discount for red situations.
To propose differently, it is to imply that blue states benefit financially from excessive spending, all at the expense of the federal government’s ability to spend. In fact, this is a feature of salt, not an error.
Once again, government spending is financially harmful. The goal for Red State politicians should be to identify the specific damage to government spending to the extent they can. Let California, New York, Illinois and New Jersey follow a lot in the way of the economy and the government that determine freedom so that the federal government has less dollars to harm the US economy.
It is definitely strange, but it is not surprising that blue rulers will shout for an enhanced ability to further damage their economies with excessive expenses born of high taxes. Very Odder is that red states do not take blue states on a regulation that to some extent creates a fence around the financial fool.
Red state politicians and their citizens again argue that salt deduction subsidizes high tax and high -use states. More realistically, it subsidizes the red states they don’t even want.
There is no doubt that blue states see excessive taxation and spending in the state as beneficial and should be obvious to red statistics because: John Maynard Keynes’ unreliable economic vision lives with the most harmful in blue states. Their politicians almost to a man and a woman buy in the Keynesian idea that government spending is developing an economy. The opposite.
With the complete deduction of state and local taxes, what opportunity for red states to show why Keynes was wrong. Within them there is an underlying understanding that a government that makes the best. This is again because the politicians and voters of the Red State must be eagerly received the agreement offered by their taxation and costs on the contrary.
The agreement suggests that blue states will concern more keynes to their people, the red states much less. What agreement! It is unknown the reason why Red State politicians will not accept such a gift, unless, of course, they are more married to unpleasant concepts of government waste than their limited government rhetoric indicates.
