{"id":13448,"date":"2010-09-13T06:00:33","date_gmt":"2010-09-13T11:00:33","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=13448"},"modified":"2021-07-14T14:32:37","modified_gmt":"2021-07-14T19:32:37","slug":"the-dayton-dustbowl-the-medias-code-of-silence","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=13448","title":{"rendered":"The Dayton Dustbowl: The Media’s Code Of Silence"},"content":{"rendered":"

Gary Gross at Let Freedom Ring <\/em>does the job the Twin Cities media juuuuust can’t seem to get around to (emphasis added by me):<\/p>\n

\"\"<\/p>\n

During his mini-infomercial with Esme Murphy, Mark Dayton admitted that the highest income tax rate he\u2019d propose would be less than 11 percent.<\/p><\/blockquote>\n

Based on Minnesota Department of Revenue guidelines, which I wrote about <\/strong>here<\/strong><\/span><\/a>, that means Dayton\u2019s budget wouldn\u2019t come close to balancing<\/strong>. Here\u2019s what the guidelines say about revenue projections:<\/p>\n

So how much money would boosting income tax rates actually deliver? <\/em>According to the revenue department, each tenth-of-a-percent increase would currently bring in an additional $27 million annually, or $54 million each biennium.<\/em><\/span><\/strong><\/p>\n

Dayton said that he wouldn\u2019t raise taxes more than 3 percentage points, meaning his tax the rich scheme would generate approximately $1,600,000,000 in additional revenue. Dayton also said that he\u2019d raise property taxes on homes valued at more than $1,000,000.<\/p>\n

Based on that information, and assuming that Dayton would essentially approve of the spending increases from last session\u2019s budget bills, Dayton\u2019s \u2018detailed budget\u2019 would fall at least $3,000,000,000 short of balancing.<\/p>\n

It\u2019s time that Minnesotans realized that Dayton\u2019s supposed detailed budget isn\u2019t a budget blueprint. It\u2019s a tax increase. PERIOD. END OF DISCUSSION.<\/p><\/blockquote>\n

It is, literally, nothing more than throwing money at the deficit.<\/p>\n

The Dayton “plan”…:<\/p>\n