This is why I am the sponsor of legislation to cap the growth of State spending to the growth of the States economy. If the economy grows 4% for a year, then State spending can only grow at 4%. Under my proposal, “all over”(excess) collections would go into the rainy day fund for future use. Once this fund was at 10% of the State budget, then the surplus would go back to the tax payer in the form of a sales tax cut, first on food, then on the general sales tax collected.
Income Tax
I strongly oppose the income tax. I was proud that my first year in the General assembly, I was devoted to defeating the income tax. I also opposed the 1 billion dollar sales tax increase. I still think that we could have cut spending to avoid any tax increase in 2002. I am a strong supporter of the sales tax. It has made our state one of the lowest taxed states in the Union and propelled us to being one of the strongest growth states in the area of new jobs and of personal income. I will continue the fight to slow the growth of State spending and the accompanying tax increases.