Party has never seen a tax or an increase in existing taxes they don’t like. Washington and New York present examples.
Washington demonstrates the desperation for ever more tax fixes that Party needs to feed its collective addiction for OPM. The State’s Party is determined to impose a 9.9% tax on household income over $1 million a year.
On Monday lawmakers in Olympia pulled an all-nighter to push through the legislation, which [Progressive-]Democratic Governor Bob Ferguson has said he will sign. The bill passed the House 51-46 and goes back to the state Senate.
Never mind that the State’s citizens have repeatedly rejected income taxes in referendum after referendum. What do Party politicians care about the wishes of the small people of their State.
Never mind, either, that the State’s constitution forbids any form of income tax. What do Party politicians care about laws, however foundational, that get in their way?
And never mind that the State’s Senate Majority Leader, Manka Dhingra (D), campaigned for office on her opposition to income taxes, and now in office, actively supports this one. What do Party politicians care about truth or honesty?
Next is New York.
Democratic senators want to increase the state’s top income tax rate by 0.5 percentage points on households making more than $5 million. That would raise the top state-and-local rate in New York City to 15.3%. They also propose to raise the state’s corporate tax to 9% from 7.25% on businesses with more than $5 million income and let New York City raise its corporate tax rate to 10.62% from 8.85%. All told, large businesses would pay a nearly 20% tax rate in New York City.
And this one:
Governor Kathy Hochul, Democratic legislators, and union leaders held a rally over the weekend in support of rolling back the state’s 2012 pension reforms that raised the retirement age to 63 and requires workers to contribute between 3% and 6% of their paychecks to their pensions. “I’m fighting for a fair pension plan,” the Governor declared.
I’m not sure France is a useful model to emulate in the areas of work and retirement.
Taxes are a far more powerful addiction for Party politicians than are nicotine, or sugar, or opioids for us average Americans. Worse, Party’s addiction is severely damaging to our nation, whereas nicotine, sugar, and opioid addictions do their primary damage to the users.