The Highest Tax Increases Ever; State and local governments demand that their residents shut up and pay up during a recession — Jim Geraghty

We’ve seen a lot of anger about taxes at the tea parties and town-hall meetings this year, and observers might be forgiven for thinking that the federal government enacted income-tax increases the moment Obama was inaugurated. It did not, but Americans are governed by more than Washington, and while Obama has enacted only one major tax increase this year - raising the tobacco tax nearly 62 cents on a pack of cigarettes, to $1.01 - state and local governments have responded to the recession by essentially lifting up their citizens, turning them upside down, and shaking them until all their remaining pocket change falls out.

Related Posts:

Leave a Reply