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March 23, 2015

Comments

I would like to comment the piece about revenue forecasts, particularly about what question it begs. The chairman of the Senate Finance Committee has said "revenues drive expenditures." And Charles Arlinghaus of the Josiah Bartlett, has proclaimed there can be no revenue problem if receipts match projections. if receipts match projections.

This approach to budgeting rests on the assumption that existing tax structure and tax rates — but for the rates of business taxes, which are too high — are ideal. That is, neither new taxes nor high rates are required to fund the responsibilities of the state. The budget adopted by the House speaks to the absurdity of this assumption. Instead the needs of the state are held hostage to the perpetuation of an archaic and inadequate tax structure.

Why don't you find this a question raised by revenue forecasting?

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