Nashville City Councilman Bob Mendes tried unsuccessfully for two years to get his booming city to raise property taxes to address its growing municipal needs.
Then came COVID-19. The City Council last month approved a 34% increase.
What changed?
“We’re broke,” said Mendes, who identifies as a Democrat though the council is nonpartisan.
Cities such as Nashville, Tennessee, and states from New York to California have raised taxes or are considering it amid a pandemic that has crushed the economy and thrown state and city budgets deep into the red.
Read more ....
WNU Editor: In the middle of a pandemic where almost every business/entrepreneur/professional/etc. is out of work and/or experiencing major cuts in earnings, it is hard to believe that some governments are actually contemplating and/or increasing taxes. This is not going to end well.
6 comments:
I think politicians should be laid off in the same proportion as the public and their wages cut in the same amount as well. Might bring them back down to earth a bit.
Anon at 1257
Great point! The fcking politicians and media and tech giants that were easy on China and never bothered about the population got us into this mess.
All Democrats having to file a tax returns should have their taxes raised 300% to pay for whatever.
Or on MSNBC:
Trump single handedly destroys the American economy, while brave Democrats march in the tens of thousands in protest against white supremacy, totally not spreading the virus.
Also on MSNBC: Buy Chinese products! Now is the time to support them, after Trump vilified them and caused nationalistic instincts.
After reading the article I note there was no mention of cutting back. Governments at all levels have granted large payroll increases for years with the unionization of public employees and retirement packages have kept pace. Underfunded pensions are quite common.
The squeeze has arrived. Spend today and pay tomorrow (if ever) is not a satisfactory solution long term.
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