Wednesday, February 17, 2010

Thought of the Day - 02/17/2010

Yesterday, all the major candidates in the race for Governor – except the Governor himself – actually agreed that the state sales tax should be rolled back.

As the Boston Herald points out today, the candidates had different views on what should happen afterwards. But there was consensus among them that the sales tax increase from 5 percent to 6.25 percent needs to be undone.

Then, there is Governor Patrick. He not only thinks that the sales tax should remain at its current level until tax revenues pick up again, he also proposes additional tax increases on certain consumer products like candy bars this year.

Our elected officials need to remember something very important. Raising taxes during a recession is a bad idea. Instead of turning to taxpayers for more money when revenues plummet, government needs to learn to live within its means. The decisions might be difficult to make, but cutting back on the size and scope of government is the only way to solve our revenue problems, and the first place to start is to trim waste and inefficiency through comprehensive reforms.

The state budget process for Fiscal Year 2011 is well underway, and it will present a huge opportunity for our state to address some of these problems. Hopefully, there will be room for lots of creative solutions and solid ideas to reform state government. I know that’s what I will be looking for, and I will keep you informed of what happens throughout the process.