As reported here, Washington State's growing economy will pump an approximate additional $450 million dollars into the State Treasury. Is that a result of all the new taxes passed by the Dem dominated Legislature? No. It's a result of the still booming construction industry, which is fueled by low interest rates.
Before all of the new taxes were passed, there was great wailing and gnashing of teeth about a looming budget crisis in Washington State - caused mainly, in my opinion, by wasteful spending habits of the State Legislature, and not by shortfalls in revenue raised by existing taxes.
Because of the supposed "looming budget crisis", and because Dems just love raising existing taxes, and creating new taxes, they went on a tax passing 'feeding frenzy', which is only going to slow down the growth in our state's economy!
The national economy is growing at a steady pace - regardless of what the AP would have you believe - due in large part to the resilient spirit of the American people, and President Bush's tax cuts. What a great example to follow in local area's - cut taxes to put more money in the pockets of the people, and let them decide how it will be spent at the local level, rather than the government - but did the Washington State Legislature learn anything from this example? No. They raised existing taxes, and created new taxes, in the mistaken belief that this will solve their spending problems.
They just don't get it.
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