After a slow and stumbling start fueled by low Fed interest rates following 9-11, officials in Washington are scrambling to try to prevent the eminent failure of Bush’s “ownership society” from pushing the country into recession during an election year. There is a strong feeling, though, that the government will need to do more to avert a complete meltdown.
And if that doesn’t cheer you up, perhaps this will.
Blown Away By Property Taxes And Assessments:The old “higher local taxes fueled by Republican Fed tax-cuts” trick. Stage two to the GOP destroy-taxes-on-wealth plan involves alleviating the very problem they caused by eliminating property taxes all-together and offset by a flat-tax or consumer tax.
Then he got his property tax bill that had nearly tripled. His bill in 2005 was about $2,900 and was $4,600 last year. This year's bill -- $7,568. "I almost had a heart attack," said Gunyon. "My reaction was one of pure anger." His problem is not unique. The amount paid in local and state property taxes in the country increased 50 percent from 2000 to 2006, according to Census data cited by some U.S. Congress members when discussing the topic. During that time, inflation rose 17 percent and median household income dropped 2 percent.
Time to put on the rose-colored glasses and look for a democrat to blame.
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