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« Five years from now... | Main | Always a Low Price. Not Always a Credit Card. »
Monday
May242004

State Tax Receipts are Rising Again

I just read a report that state income tax receipts have steadily improved over the past few months. Yet another encouraging sign that the economy is growing at a healthy pace. I've seen amazingly little coverage of this in the media. A search on Google News turns up a handful of articles including this one. As the coffers are refilled, I have to wonder how many states will rescind or reduce the tax increases they've enacted over the past couple years. With few exceptions, I bet they won't. Spending will rise to fill the gap long before any tax reductions pass through the legislatures.

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