Budget: Taxes

Submitted by bniolet on August 4, 2009 - 12:40pm.
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Throughout the budget negotiations, the proposed tax increases, and not spending priorities, were the toughest to negotiate.

The budget bill includes a breakdown of what the individual tax increases are projected to raise this year.

* Individual income surcharge: $172.8 million.

* Corporate Income tax $23.1 million.

* 1-cent sales tax increase: $803.5 million.

* Apply sales tax to digital downloads and Internet purchases: $11.8 million.

* Increase excise taxes on tobacco and alcohol: $68.8 million.

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Thanks for the courage to make the necessary cuts!

Submitted by domewatcher on August 5, 2009 - 8:02am.

Thanks BN for the update.

That is quite a cut from the Governor's call to raise taxes by $1.00 per pack. They made a 90% cut! From a dollar to a dime. How will we ever get ahead on nickels and dimes? Do the tobacco companies still have lobbyists? I thought it was a done deal........the dollar per pack.

Too bad they could not be as aggressive in cutting spending.

Smoke 'em if you got 'em.

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Re: Budget: Taxes

Submitted by bniolet on August 5, 2009 - 7:36am.

That $1 per pack proposal is off the table. The increased tobacco tax will be an additional 10 cents on a pack of smokes. — BN

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$1.00 per pack?

Submitted by domewatcher on August 5, 2009 - 7:06am.

What happened to Gov. Bev's one dollar per pack cigarette tax? Is that part of the new tax? A dollar per pack?

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Budget Cuts Equal Layoffs

Submitted by AquaMan on August 4, 2009 - 1:25pm.

In the week ending July 25, the advance figure for seasonally adjusted initial claims was 584,000, an increase of 25,000 from the previous week’s revised figure of 559,000. The 4-week moving average was 559,000, a decrease of 8,250 from the previous week’s revised average of 567,250

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