Sep 22, 2003
Almost every state in the country has declared it faces budget deficits – with 65 billion dollars in budget cuts carried out or threatened this year.
In fact, there would be no budget deficits if businesses paid taxes at the same rate individuals do. Even if they just paid at the same rate compared to what they paid 20 years ago, when their taxes had already been significantly reduced, the states would have collected 50 billion more dollars this year, almost as much as the cuts in social programs and public services the states are carrying out.
Budget shortfalls? No! Just conscious decisions made by politicians of both parties to give away everything not nailed down to the corporations.