LTE – Tom Aebly – 2-13-2019
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Dear Editor,
SURPRISE!! Money does not grow on trees, money does not magically appear when you want it, and, if you expect the government to pay for everything, where is the government going to get the money?
I listened to the State of the State address, given by Tony Evers. He (paraphrased) is going to increase school funding, ensure medical coverage for pre-existing conditions, and many other increases in spending and give a, (I think he said, 10 percent) middle class, tax break. If, I understand him correctly, he will also increase taxes for corporations.
This week and last week details as to how this is to be funded where given: Use the emergency fund to finance the tax break and allow the Department of Agriculture to borrow large amounts.
The emergency fund was set up for emergencies. It will not fund continued tax breaks. What happens if we do have an emergency?
If we increase corporate taxes and another state or country offers lower or no taxes, then doesn’t it seem reasonable that Corporations will move?
The government does not have an inexhaustible supply of money.
Each time the government increases funding for something, it must increase its income. Since the government’s income is based on taxes, sooner or later taxes will increase. Some say borrow more, but loans need to be paid.
Tom Aebly
Glenwood City