For those of you who love to have information to pore over, I'm here to help.
Here's a link to "Updated Summary Tables", dated May 2009, for the 2010 Federal Budget, issued by the OMB. Be sure to peruse it, and in particular, the increases projected in personal and corporate income taxes, and the deficits that result regardless of the increases. Then ask yourself whether in this economic climate you see the income tax revenue increasing like that all by itself.
And remember what you've been reading about Maine state revenues decreasing even more than they were projected.
BOHICA, friends. If you take the time, you will see the crime.
I found the link in this interesting little report recently published by The Maine Heritage Policy Center: Crisis To Cure Issue Four: Maine Taxpayers Will Face Higher Income Taxes Than Those in Canada, France and Italy With Proposed Federal Health Care Surtax.
You'll have to go to their web site to look it up until I find another way. I now have the link: Crisis to Cure Issue Four.
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