Archive for May 16th, 2006
A recent article in Business First mentions the new cap on gasoline taxes passed by the State Legislature.
The measure would suspend tax payments on gasoline above $2 a gallon. Sponsors of the bill said it would typically save drivers about a nickel a gallon or $200 to $300 over a full year.
Based on those figures the “typical” driver would have to drive approximately 100,000 miles per year. Am I missing something?
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Alan Hevesi is right to question the practices of IDA’s. Proposed legislation compelling busnisses that accept IDA money to pay employees more than $30,000 per year is wrong. The current practices of IDA’s, shuffling money and jobs from community to community, is wrong.
What is needed is the elimination of the IDA’s. Let businesses thrive or fail naturally, based on free competition and economics. The winners will be the consumers (taxpayers). Businesses that are run well with propser, while those that are run poorly will fail. What more could anyone ask for?
