Monday, July 23, 2007

Hillman's Capitol Review

If you've ever been disappointed by a meal at a fancy restaurant or researched a major purchase, you know that a big price tag doesn't guarantee the best quality.

Careful consumers want the most bang for their buck - not the most bucks for their bang.

Unfortunately, big-government liberals seem to think that spending is the best benchmark to judge state government and that spending more is always better.

Colorado Fiscal Policy Institute's "Aiming for the Middle" whitepaper concludes that you, Mr. and Mrs. Colorado, are under-taxed to the tune of $3.3 billion a year - maybe more. That's $1,030 a year for every man, woman and child in the state.

And before you write off this outfit as a bunch of crackpots, notice that a former budget director for Gov. Roy Romer is behind this proposal.

Such a massive spending increase - triple the size of Referendum C - would require a 43-percent across the board increase in state income and sales taxes that currently produce about $7.5 billion a year.

Read the rest here.

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