Scott Walkers Magical Election Year Tax Cuts Are Backfiring

[n2doc]

The Walker Administration saved up some very unpleasant economic news for release late in the day before the Memorial Day weekend. Friday news dumps have become commonplace in Wisconsin. There's usually plenty of it that's saved for late release on a Friday when few people, if any, will be paying attention. Late yesterday, the Friday before the Memorial Day weekend, the State Department of Revenue, released it's own bad news it wants to hide.

The news that so bad they want to hide it by dumping it late before the Memorial Day weekend?

The state Department of Revenue released tax collections for this fiscal year through April, showing that the state has collected $10.53 billion since July 1, down 0.2% from the same period in the previous year. The state budget has built in 1% growth for this year.

It doesn't look like much, but this is BEFORE Scott Walkers Election Year Vote Grabbing Tax Cuts and shiny new budget go into effect July 1. That means that the situation is about to become worse.

Estimates for the two-year shortfall come to $642 million.

Remember, it only took a $140 million shortfall (that Walker caused himself by a tax cut to business shortly after his inauguration) to give Walker an excuse to slash and burn Wisconsin with a Budget Repair Bill. Watch him ignore this one until the election is over and then, God help us.

more
http://www.dailykos.com/story/2014/05/24/1301706/-Scott-Walkers-Magical-Election-Year-Tax-Cuts-Are-Backfiring

[Wellstone ruled]

1. This is typical Rethug

Smoke and Mirror budgets. Socialize the debt and privatize the profits. Our friends in Sconny are getting hit big time. All we hear is services are suffering,but but them takers are a taking and it's all about the Brown people taking. Yah,right,you voted for these idiots,now live with it,you had your choice and you voted this turd in twice. Love'n it.

[lutefisk]

3. Schadenfreude is Wisconsin's #1 product

Apparently Wisconsin provides more schadenfreude than any other state in the country. Make that one of your talking points, Scott Kevin Walker!

[CatholicEdHead]

6. Yep, setup for the next round of drastic budget measures

What harsh level of union busting or government deconstruction will be in store to make up this 'shortfall'?

[Scuba]

2. Makes one wonder why Mary Burke would praise his budget ...

http://cognidissidence.blogspot.com/2014/05/who-should-apologize.html

BURKE: "In terms of the fiscal picture, there is no doubt that the first budget that [Walker] introduced and that he implemented significantly improved the financial situation of the state, because the state was coming out of this downturn, in 2008 and 2010, revenues were going down, there were, you know, the structural deficit grew, and basically he got rid of the structural deficit."

[Blue Owl]

4. It does indeed

Burke needs to get a clue...

[Scuba]

5. Oh, I think she (and Mike Tate) knows exactly what she's doing.