Wednesday, May 14, 2008

A source of income for the state of Virginia.

The crisis du jour is the transportation "crisis." Gov. Kaine wants to raise taxes for more the transportation fund. Its being said that the lack of funds will cause our road network to fall apart.

Of course, cutting spending in other places is never mentioned. By either party. Apparently we only have one party actually in place in the Capitol. Once they get in office, the politicians seem to join the "tax and spend party."

Well, here's an idea that will solve more than one problem, depending on who has the authority to allow it. If the Governor is the authority, he should allow it. If we need the federal gov't to allow it, the Governor should petition for it.

Open up our coastal waters for oil and gas exploration and development.

Oh, no! The environment will be destroyed!

Nope. Lousiana and Texas allows oil development and those stated are RENOWNED for their fisheries and wildlife.

What brought this to mind was an editorial in the Washington Times (can't find it online) praising the comeback of the Crescent City. In this DEMOCRATIC STATE, even though Gov. Jindal is a Republican, with all of the recovery expenses, they are thinking of phasing out the state income tax. Are we saying that our road MAINTENANCE is more urgent and expensive than the rebuilding of southern Lousiana? And Richmond should keep an eye on New Orleans' tryout of school vouchers.

(emphasis mine)
Mr. Jindal scrapped a business-utilities tax and accelerated the repeal of manufacturing-equipment and business-debt levies. A seemingly sympathetic legislature is weighing a 10-year phaseout of state income taxes. While some fret that revenues will winnow, Mr. Jindal says he would approve such radical tax relief, if lawmakers identify matching spending reductions. Supply-side growth and resulting revenues, of course, could replenish state coffers. Offshore oil royalties also are gushing in, making tax cuts more "affordable."

Meanwhile, Mr. Jindal advocated a $10 million experiment involving 1500 school vouchers. Charter schools are blooming like magnolias.

Labels: , , ,

|

0 Comments:

Post a Comment

<< Home