Tax cuts boost economy, except when they don't
Current events bring to mind the true story of an insane surgeon who was convinced he could bring one of the brothers who invented the airplane back to life. He exhumed Orville and, in a gruesome procedure, he tried to bring him back by using parts of two men from China that he had kidnapped.
Ultimately, though, the whole thing failed, proving once and for all that two Wongs don't make a Wright.
Upon reflection, maybe there's no connection at all between that true story (I read it on the Internet) and the possibility the City Council might raise the sales tax by a half-cent.
If you've been paying attention, you know the city is going to have a hard time balancing the budget. One proposal being floated is for the city to cut the city bar and restaurant tax in half and hike the city sales tax by a half-cent.
The thinking is that we shoppers won't notice the sales tax increase because a state one-cent sales tax expires on June 30.
There is never a good time for government to take more money from the public, but the worst time is when the economy is struggling and the jobless rate is high.
Here's where it gets goofy. Council is aware the Legislature might reduce construction taxes in order to give housing starts a boost. Those with local knowledge will agree this idea has merit, if only because we know heavily taxing construction has the opposite effect. During the impact fee years, you could probably count the housing starts in Kingman on one hand.
But if cutting taxes is good for construction and will provide a boost for the economy, why isn't cutting the bar/restaurant tax in half and not tacking on a half-cent sales tax also a boost for the economy? Is it possible letting Kingman shoppers keep that $2.2 million would result in more revenues for the city because the lower tax stretches their buying power, especially on big ticket items.
Mr. Wong, would you care to comment?
I knew Kelli Ward - doctor, businesswoman, state senator - was smart before sitting down with her, her husband Dr. Mike, and Alan Choate and Suzanne Adams of the Miner for an interview. Nothing she said during the interview (conducted on Feb. 22) changed my mind, and now that I've read her comments, my appreciation for her brainpower is matched by respect for her common sense. It's not unusual to have an overabundance of one while being severely lacking in the other.
There was reason for concern when Sen. Ron Gould was term-limited out of the Senate. Voters made the right call when they selected Ward to replace him.
If you're in the mood for a few laughs, it's hard to beat going online and searching for "obama sequester comments" videos.
After preaching doom and gloom for weeks, it finally dawned on the president last week that it would probably be a good idea to tone down the rhetoric. Sequester Friday was just like any other. And at 5 p.m. we had another government shutdown, just like we do every weekend. Somehow we all manage to avoid starvation until government reopens on Mondays, unless it's a holiday.
I still say the biggest issue regarding the sequester involves what the White House decided to cut and what the Pentagon decided to cut. The amount on the table was less than a tenth of this fiscal year's budget deficit, but the Navy said it couldn't afford to refuel an aircraft carrier.
Really? That's even more irresponsible than the U.S. Department of Homeland Security deciding to release hundreds of illegal immigrants in Arizona and elsewhere.