For a quick look at why states should be more aggressive in going after uncollected sales tax revenue from online and catalog sales, check out the latest edition of Time magazine.
In fiscal 2012 alone, states could lose $11.3 billion in online sales taxes, Time reports. Consider that in light of the cumulative $103 billion budget shortfall that states face.
Also, Joe Klein has an interesting column on why Grover Norquist’s “antitax fetishism” is bad for the country.
Tag Archives: Ronald Reagan
Reagan and Obama: Champions of necessary tax increases
Columnists often lift quotes from political speeches to illustrate the point they’re trying to make. I’ve done it myself many times — it’s an excellent way to add emphasis to what you’re writing.
However, keeping the quote in context isn’t always easy. A case in point, David Moon’s column in Sunday’s News Sentinel. In the April 24 column, Moon used a quote from President Barack Obama to draw a contrast between Ronald Reagan’s tax reform policies and the current president’s financial reform policies.
The Obama quote — from a speech just about a year ago — has been widely repeated by the president’s political opponents who want to paint him as a socialist. Unfortunately, the quote is often taken out of context.