Armed Polite Society

Main Forums => Politics => Topic started by: Perd Hapley on November 03, 2016, 05:27:15 PM

Title: State and local taxes & federal funding
Post by: Perd Hapley on November 03, 2016, 05:27:15 PM

Let's say your state or local government agreed to take less (or no) federal funding, if voters agree to make up the revenue with state/local taxation. Would it be worth it, to ween your state off the federal teat?

Title: Re: State and local taxes & federal funding
Post by: wmenorr67 on November 03, 2016, 05:29:35 PM

NO, because now the federal income taxes that get kicked back would no longer be available.


What needs to happen is that all forms of government needs to actually work within a damn zero dollar budget, (I think it is the correct term), meaning that can't spend money until they have it.

Title: Re: State and local taxes & federal funding
Post by: charby on November 03, 2016, 07:27:34 PM

Quote from: wmenorr67 on November 03, 2016, 05:29:35 PM

NO, because now the federal income taxes that get kicked back would no longer be available.


What needs to happen is that all forms of government needs to actually work within a damn zero dollar budget, (I think it is the correct term), meaning that can't spend money until they have it.

State of Iowa can't budget more than 99% of tax revenue. Means they have cover debt payments with the 99%. Yes they can issue bonds for projects, etc.