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You can bank on that

© Matt Davies

We know why the states are facing big deficits — because the collapse of the economy lowered tax revenues. And we know who caused the economy to collapse. So why are we punishing state workers?

I’m guessing that if you took all those bonuses that were awarded to bankers, it would more than pay for all the teachers we need.



  1. ebdoug wrote:

    Not the bonuses paid to CEOs because those are all taxable.
    It is the missing 120 billion a year in the Federal government from extending the tax cuts to the rich. On the local level it is nickel and diming the middle class instead of raising taxes on the rich.
    Just for instance, I helped someone with TurboTax this week. He had forgotten his dividend slip. “Make sure when you enter that dividend slip, you enter both 1a and 1b to take advantage of the tax cuts to the rich” (he has a 50K income) He forgot. His dividend was $152. When entered as “qualified” he would have gotten another $22 in his refund. So you can figure every $150 in “qualified dividends” would generate another $20 for the government had the tax cuts to the rich expired. All that huge profit Exxon makes off its oil subsidies that it doesn’t want paid out to the share holders that don’t have to go to work would go a long way to balance budgets.

    Saturday, March 5, 2011 at 6:38 am | Permalink
  2. Name wrote:

    Come on you can’t possibly go after the Banks! They are your (government) biggest supporters. Going after the Banks is stupid because that would…

    …make perfect sense.

    Tuesday, March 8, 2011 at 1:54 pm | Permalink
  3. Name umm two point O wrote:

    I disagree with NAME. Don’t go after banks. We have your money, don’t forget that.

    Big Bank Guy

    Tuesday, March 8, 2011 at 1:55 pm | Permalink