So, how’s that ‘Tax the rich’ strategy working for ya?
According to the Wisconsin Department of Revenue, tax collections increased 4.7 percent in fiscal year 2012 to $13.5 billion, beating the … Legislative Fiscal Bureau’s February estimate by $320 million.
The Huffington Post admits that Barack Obama’s home state has the worst budget deficit in the land, totaling a stunning $43.8 billion, despite a massive 60 percent hike in personal income taxes.
In California, the twice-failed Govern Brown is going for the trifecta. Despite massive tax hikes, the state is running a $6 billion annual deficit, its cities are declaring bankruptcy one after another, and the state pension system is in critical condition, having been raped by the malevolent, corrupt alliance of Democrats and their public sector union cronies.
Why is it that it never occurs to liberals to cut spending?