Monday, May 11, 2009

REPUPLICAN GOVERNOR STANDS UP FOR THE MIDDLE CLASS AND WORKING POOR

I have a feeling that it won't be long before the likes of Rushole Limpballs, Sean The Wimp Hannity, and batshit crazy Michelle Bachmann will be all over Georgia Gov. Sonny Perdue telling him that he's no Rethuglican or American patriot because he wants the wealthy to pay their fair share of taxes so the state can stay solvent.

From Think Progress:

Gov. Perdue: States Shouldn’t Rely On Supply-Side Economics During Recession


perdue2During the debate over the economic stimulus — while most state budgets were deeply in the red — the House GOP unanimously opposed the recovery package, arguing in favor of more tax cuts for the wealthy. Highlighting a schism in the party, however, several GOP governors, such as Gov. Arnold Schwarzenegger, Gov. Charlie Crist (FL), and John Huntsmanthe federal aid. (UT), readily accepted

In a comment marking a break with the Reagan-embracing hard right, Georgia Gov. Sonny Perdue (R) raised skepticism about the GOP philosophy of using supply-side tax cuts to plug budget deficits:

In essence, Perdue said the economic theories espoused by Ronald Reagan and Jack Kemp — that lower taxes actually generate more government revenue — are a gamble that don’t have a place in Georgia. Not in hard times.

Here’s what Perdue said, as aired on Friday: Georgia’s a balanced budget state. And it’s very difficult to do the stimulus-type bills in a state that’s starved for revenue and cash at the same time. So that kind of destroys a supply-side theory within a state government.”

Listen here:


Perdue was responding to pressure from Republican state legislators to sign the “Jobs, Opportunity, and Business Success Act of 2009,” a businesss tax cut-centered bill that would cost $340 million a year in lost revenue. True to conservative form, the legislation cuts the state capital gains tax in half. The bill would also be a “substantial tax increase on most low- and middleincome Georgians,” notes the Institute on Taxation and Economic Policy

Indeed, supply-side tax cuts tilted towards big business and the wealthy are anti-stimulativedo not lead to appreciable gains in revenue for cash-starved budgets. during a deep recession, and

Perdue’s comments mark a stark departure from the rhetoric of the House GOP leadership, Govs. Bobby Jindal (R-LA) and Mark Sanford (R-SC), and Newt Gingrich — all of whom are resistant to anything other than tax cuts. In an interview with Time, Rep. Patrick McHenry (R-NC) said of the GOP, “Marginal tax rates are the lowest they’ve been in generations, and all we can talk about is tax cuts.”

It remains to be seen, of course, if Perdue will buckle to right-wing pressure and sign the supply-side legislation. Perdue signed significant business tax breaks just last week.

6 comments:

Nancy said...

He's now on Limbaugh's list of who to kick out of the republican party. Such a shame (not). Now they're down to 5 or 6 who still claim to belong there.

Grandpa Eddie said...

Nancy - I think this is one Repug that isn't gonna bow to the Anal Cyst.

ZIRGAR said...

Good for him. I hope he sticks to his guns on this issue.

Grandpa Eddie said...

ZIRGAR - I don't believe I'm going to say this....but I think this is a Republican I could maybe actually like...sorta, I think.

Wow! That was weird.

Nan said...

Ol' Sonny's finally growing a spine and behaving sensibly because he's not running again. If he planned to be in the 2010 election, he'd be ranting about tax cuts being the only answer right along with the rest of the GOP.

Grandpa Eddie said...

Nan - Well...now I can see just why Perdue was/is making that stand. If he's not running for another term, he has no reason to knuckle-under to the GOP big shits.