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"Saying the Marketplace Fairness Act is fair is like saying the Affordable Care Act makes health care affordable" -@MarshaBlackburn
May 14, 2013 12:30 PM
taxreformer -
"I can't believe #Obamacare led to higher health care costs," said no economist ever: http://t.co/J6dfnKqFYZ
May 14, 2013 12:01 PM
taxreformer -
#Obamacare's 10% tanning tax hits salon owners and customers, most of which are women: http://t.co/dJuaGAT9LE
May 14, 2013 11:01 AM
taxreformer -
Groups who advocated for the IRS to prepare tax returns sure look foolish these days: http://t.co/oKvpIofu7Y
May 13, 2013 06:30 PM
taxreformer -
"We don't need the federal government mandating additional taxes..." -@MarshaBlackburn on MFA: http://t.co/lAuLJtr5t3 #NoNetTax
May 13, 2013 06:00 PM
taxreformer -
Health insurers and businesses are already feeling the iron-clad grip of regulations in #Obamacare: http://t.co/J6dfnKqFYZ
May 13, 2013 05:30 PM
taxreformer -
Virginia Governor Bob McDonnell Signs Largest Tax Hike in Virginia History into Law http://t.co/Qd6KOFfaPv
May 13, 2013 03:46 PM
taxreformer -
Under #Obamacare, mothers have had a tougher time purchasing non-prescription, over-the-counter medicine: http://t.co/dJuaGAT9LE
May 13, 2013 02:01 PM
taxreformer -
9 out of 20 #Obamacare tax hikes have not even been implemented yet: http://t.co/opFkyf1guJ
May 13, 2013 01:30 PM
taxreformer -
.@GroverNorquist on MFA: "[The Senate] didn't ask all of the questions that needed to be asked": http://t.co/wXfkIR2Ca9 #NoNetTax
May 13, 2013 01:01 PM
taxreformer
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Fact of the Day: Question 4 in Maine Would Limit Government Spending
On November 3rd, the voters of Maine will decide whether they want to limit the government's ability to increase spending and taxation. Under guidelines in the Question 4 ballot initiative, the General Fund, Highway Fund, and other Special Revenue funds would be limited to population growth plus inflation.
Some opponents have floated the idea that this would ratchet back the budget, this claim is a falsehood. Under TABOR, the factors of population and inflation would never be below zero, therefore the budget would not be reduced using TABOR. The budget could stay the same from year to year if inflation and population were both zero, but it would not force reductions.
Additionally, a Tax Relief Reserve Fund would be created. At the end of each fiscal year, when there is surplus revenue, 80% of it will go into the Tax Relief Reserve Fund. When the amount of the fund reaches 1% of General Fund expenditures, tax relief would would then be triggered and taxpayer dollars would be returned in the form of temporary or permanent broad-based tax rate reductions.
To see the entirety of Question 4's legislation, click here.
To see ATR's Fact of the Day press release supporting Question 4 click here.
