Tag Archives: spending

September 26, 2012

Maggie Hassan WILL raise Taxes and thinks Voters will LIKE it

By Kimberly Morin

 

Maggie Hassan, Democratic candidate for Governor has a slight problem – her record. Hassan was a New Hampshire State Senator for several years before being voted out in 2010. One of the reasons was due to her ‘taxing’ problem. While Hassan may like to claim she won’t raise income or sales taxes, she certainly loves raising all kinds of other fees and taxes that necessarily hurt the working and middle classes in New Hampshire. She has specifically said she will raise taxes and fees and actually believes the voters will like it. From the Portsmouth Herald:

Hassan said before anyone can talk specifics about taxes, the state needs to evaluate its revenue and determine its funding priorities, but she did say there are multiple tax cuts that could be reversed.

“There were a lot of back-of-the-budget tax cuts that the Republicans put into this last budget that we’re going to have to review and look at,” she said. “When you look at some of the back-of-the-budget tax cuts and other tax cuts the Republicans made the last two years, I think there are some things that most taxpayers of New Hampshire would agree that we could restore.”

Unfortunately Hassan is serious. She actually believes that taxes should be raised on New Hampshire residents even during this abysmal recession that her dear leader Obama has kept this country in for almost 4 years. Hassan was booted out of the State Senate in 2010, in all likelihood due to her love for raising fees and taxes. New Hampshire residents enjoy the freedom of a small government and paying less in overall taxes than their neighboring states. Apparently Hassan hasn’t gotten the message.

While Hassan was in the State Legislature, she raised taxes and fees over 33 times. Those are 33 reasons alone not to vote for her as Governor. Those were 33 reasons alone she was voted out of office. From an ad paid for by the Live Free PAC:

“Two years ago, voters rejected Maggie Hassan’s tax record – voting her out of office,” a female narrator says. “As Senate Majority Leader, Hassan pushed a budget with over $300 million in higher taxes and fees, 33 tax and fee increases, a controversial new tax on small businesses, higher taxes on rooms and meals [and] increased fees for vehicle registration. Even a new tax on camping! Maggie Hassan believes in high taxes. New Hampshire doesn’t.”

Continue Reading here:  http://www.examiner.com/article/maggie-hassan-will-raise-taxes-and-thinks-voters-will-like-it?cid=db_articles

Leave a comment   |  tags: , , , , , | posted in Democrats, Election 2012, Elections, New Hampshire Politics, Obama, Unions, Women

July 9, 2011

It’s the Spending Stupid – Tax Cuts do NOT increase the Deficit

By Kimberly Morin

Over and over and over and over again we hear how the Bush tax cuts added to the deficit.  This falsehood is utterly and entirely UNtrue.  It is basic Accounting 101 and you don’t have to be an Accountant to grasp the concept.  Since I happened to be an Accounting Major, it’s pretty simple for me to understand; however, there seems to be an entire block of society (the Left) that clearly cannot think through logic and numbers at the same time.  So I decided to write this blog and attempt to explain in very, very simple terms that even a 5-year-old can understand about how tax cuts do not increase the deficit.

Scenario 1 – Balanced Budget

You earn $100

You spend $100

$100 – $100 = $0  This is a balanced budget.  You spent exactly what you earned.

Scenario 2 – Deficit

You get a pay cut and earn only $80

You spend $100

$80 – $100 = -$20 This is a deficit.  You put the $20 on your charge card because you don’t have enough cash to pay the entire amount.

Scenario 3 – Spending Reduction

You still have your pay cut and earn only $80

You cut your spending to $80

$80 – $80 = $0 This again is a balanced budget.  You spent exactly what you earned.

The pay cut didn’t cause the deficit – the spending over the amount earned caused you to use your credit card; therefore, creating debt that you did not have before.

As you can see the concept is quite easy and anyone should be able to grasp this.  If you reduce what you take in (tax cuts) you MUST reduce spending to go along with it or you will have a deficit.  I don’t know how to explain these facts in any simpler terms other than maybe to change $100 to $10?  I cannot grasp the concept of millions of people NOT understanding this basic math.  Do they not have checking accounts?  Do they not have credit cards or not get pay checks?  The tax cuts do not cause the deficit – it’s the spending stupid. 

This blog was brought to you by Accounting 101; Logic 101; Math 101; Are you smarter than a 5th grader; 1 + 1 = 2 not 3

3 Comments   |  tags: , , | posted in Budget, Economy, Education