kamikazefaase wrote on Oct 30, 2007 1:43 AM:
" Sorry Moderate, I believe we live in a quasi-free enterprise system. Government is too involved in acquistion of property and building as well as financing businesses today. Since taxpayers are subsidizing businesses, we more than have the right to tax the profits, especially those that are excessive built on taxpayers monies. Oil companies want all these tax breaks to increase their profit margins, yet cry foul when government wants them to act in a more responsible manner. This isn't communism, but a lower version of socialism called quasi-free enterprise system. It is an economic system that relies on government money, but allows individuals to corporations to use it for private intent. This doesn't serve the public good, it only increases the companies profit margin. "
The Moderate wrote on Oct 28, 2007 6:14 AM:
" You sound like a communist. There's a political system that really works. Good luck with that! "
kamikazefaase wrote on Oct 28, 2007 3:25 AM:
" To The Moderate: Isn't it time we go after oil companies? Their profits have so excessive that you want to do nothing. We as consumers have already paid for those profits and their failure to reinvest in a cleaner future proves that they have no interest in a better tomorrow for its customers. If we increased their burden of tax on their net income, the net gain for us should be used to make the better tomorrow not coming from the free enterprise system. You may have surrendered to both the business community and the oil companies, but I won't because the future depends on us acting now so our legacy will have a planet to live on. "
kamikazefaase wrote on Oct 28, 2007 3:15 AM:
" To rprp: what neck of the woods do you live in? Are you in Wisconsin or Minnesota? Maybe just get me in the right county to meet this RICH farmers you know as neighbors. Is it near Holmen? I for once need directions? Care to help me out? "
rprp wrote on Oct 27, 2007 5:24 PM:
" To Kamikaze: I have farmers all around my 40 acres and they are land rich, subsidy rich and income rich. My neighbors are good people and own their 120 plus acres outright. One is 120 acres with house and out buildings and his property tax is less than 1/3 of my tax. They don't pay sales,gas or sundry tax. when they submit their income tax he gets the same breaks I do except he can reduce his tax by property tax credit besides a property tax deductible . They tear up the roads with equipment (tractor etc.) and do not have to pay for it. I am a senior and no children going to school , however the neighbor children all go to school and yet he pays little to fund the school. "
The Moderate wrote on Oct 27, 2007 5:47 AM:
" kamikaze - do you really think the oil companies couldn't figure a way around this so that the 'new tax" could "trickle down" to the consumer. It is all about demagoguing. Everyone hates the oil companies. "
kamikazefaase wrote on Oct 27, 2007 4:07 AM:
" To rprp: Do you know any RICH farmers? I don't know any and would like to know their return on investment. Their business is the most risky business venture around. Its the big corporate farms that profit exceedingly over the family farm. So if you know any RICH farmers, let me know who they are so the IRS can introduce themselves. "
kamikazefaase wrote on Oct 27, 2007 4:01 AM:
" One more thing to random annoying bozo: Oil companies make 10 percent per gallon minimum, not 10 cents per gallon. This means 28 plus cents per gallon. And at that inflation rate of around four percent, the profit margin exceeds the rate by at least two and half times. Please be a little more accurate in your information because I have at least seen pamphlets of what Kwik Trip deals in the gasoline front. "
kamikazefaase wrote on Oct 27, 2007 3:23 AM:
" To random annoying bozo: The tax was on oil profits; the more they profit, the more they pay in taxes. Personally, the tax should be penny for penny profit beyond the inflation rate. Just think of the revenue created by such windfall. It would lower the return on investments but it would pay off by forcing prices downward because you cannot gain anything from no profits. "
kamikazefaase wrote on Oct 27, 2007 3:00 AM:
" Sorry happymom: I think you need to stop at Festival Foods for a free sip of wine or need to attend some Catholic masses for their sips of wine. Otherwise, its time to raise the liquor tax so freebies that may exceed the legal limit for alcohol and driving will not take place. The best place to have your booze fix is in your own home. "
Common-cents wrote on Oct 26, 2007 4:53 PM:
" Credit for what !!!! The state has magor problems with the budget, we don't have enough money to fund the dam thing. It's time for cuts in all dept's "
north sider wrote on Oct 26, 2007 3:57 PM:
" Explain to me how you are to tax and burden Oil Companies that are publicly traded. Companies that you and I may go down and buystock in today. Companies that many people have in their investment portfolios. Where do you make the cut? "
happymom wrote on Oct 26, 2007 1:03 PM:
" Doyle deserves no credit for anything, especially now that he's vetoed my favorite provision in the budget - you know - the one where the grocery stores could hand out the free booze samples. Not that I imbibe myself, but if we could get Dean, rprp, and kamikazee to tip a few, these blogs would be a lot more bearable. "
dean wrote on Oct 26, 2007 11:55 AM:
" Big oil gives over 90% of their campaign contributions to repubs "
LAX wrote on Oct 26, 2007 10:50 AM:
" Hey Krusty -- Dean makes perfect sense to the rest of us. What the hell are you drinking/smoking?
"
Krusty wrote on Oct 26, 2007 10:06 AM:
" Hey Dean, come back when you sober up. You make even less sense than usual "
Terminus wrote on Oct 26, 2007 9:32 AM:
" Madison (October 25)--The Wisconsin Medical Society held a press conference today in Madison to announce its intent to file a lawsuit to protect the Injured Patients and Families Compensation Fund. Governor Doyle is expected to sign the budget bill Friday, which will authorize taking $200 million from the Fund, and the suit will be filed as soon as the law is in effect.
The Fund exists solely “to compensate patients and their families who’ve suffered from medical negligence—not to put a band aid on the state’s fiscal problems,” said Society CEO Susan Turney, MD.
The Doctors should be outraged by this robbery of their fund. Mark my word the Doctors will win this case and tax payers will be footing the legal expenses for this Doyle screw up. "
random annoying bozo wrote on Oct 26, 2007 9:21 AM:
" kamikaz. i really think you need to take your head out of the sand, your wrong on so many levels. first, corporations DON"T pay taxes, they pass any taxes levied on them to the consumer. it's just a cost of doing business, like the cost of raw materials are. second, you complain about oil companies 'profiteering'? what the heck does government do? an oil company makes roughly 10 cents per gallon of gas, in Wisconsin, the State makes over 3 times that, and what do they do to earn it? nothing. any tax levied by government always rolls down the hill, and at the bottom of the hill are us taxpayers. i guess we're the small turds in the feces machine. "
The Real World wrote on Oct 26, 2007 9:21 AM:
" We need elected people who get the big picture, Wisconsin is going to come up 4 or 5 billion short when we start looking closely at the incoming revenue. We are slipping and the economic picture is bleak, because of our debt and taxes and taxpayers leaving in droves. We are attracting many people who love a socialistic society but don't pay taxes. "
Dean wrote on Oct 26, 2007 8:33 AM:
" I would have hated the poor oil compants pat up,I dont know how they could they dont make any profit,they are there as a favor to us and are non-profit "
rprp wrote on Oct 26, 2007 8:25 AM:
" Kamikazefasse says we don't get enough revenue from corporations. This may be true but we sure don't don't get a fair share of revenue from RICH farmers. "
LAX wrote on Oct 26, 2007 8:12 AM:
" The only credit they should get is a good kick in the a$$! What's good about this budget in addition to being to being three months late? Huge fee increases on vehicle registrations and drivers licenses and with the deficit the tax increase will be coming down the pike before long. For the Trib to celbrate this budget is an absolute joke and shows how out of touch with reality the Trib truly is. "
Big Spender wrote on Oct 26, 2007 6:24 AM:
" To Moderate: thank you for posting those numbers but these links are somewhat dated. I had trouble getting today's figures even with about a dozen googles that turned up many recent newspaper articles on the new budget...and I suspect the $892 million figure I posted is wrong--it may be just a creative accounting smokescreen to mask the real state deficit for the next budget cycle (not the old debt). Your numbers, although dated, might be closer to the real budget shortfall. (The feds are pulling this creative accounting nonsense too; the deficit is being made to look smaller than it really is because certain expenditures are taken off ledger, as it were.) "
The Moderate wrote on Oct 26, 2007 5:07 AM:
" The Structural deficit in the 2003-2005 Budget was $3.2 billion. Here is a link http://www.wccf.org/pdf/StructuralDeficit.pdf
"
The Moderate wrote on Oct 26, 2007 4:47 AM:
" Posted: Nov. 20, 2006
"Madison - Gov. Jim Doyle and the Legislature will have to close a $1.6 billion deficit as they develop the next two-year budget, according to a new report released Monday. $1.6 billion is how much more would be raised over two years if the 5% state sales tax were increased to 6% - a possible solution no one in the Capitol has dared to whisper. It is also the amount the state spent on Medicaid health care programs last year, not counting matching federal dollars. Republican Sen. Scott Fitzgerald of Juneau, outgoing co-chairman of the Legislature's Joint Finance Committee, said the $1.6 billion deficit estimate followed "months of rhetoric" from Doyle's campaign and the governor himself in which he claimed to have balanced the budget."
From JS ONLINE
"
Big Spender wrote on Oct 26, 2007 2:58 AM:
" To kamikaze: That number comes from Kapanke's "he couldn’t support $2.7 billion in new borrowing" remark in a Tribune "Local leaders split" article of a few days ago...actually, I should have said $2.7 billion--I think you are right in that is old debt and not a deficit number, despite the phrase "new borrowing:" "The budget deal creates an $892 million "structural deficit," the gap between spending and anticpated revenues, going into the next two-year budget."
http://www.madison.com/tct/news/252701
And:
http://www.superiortelegram.com/articles/index.cfm?id=23109§ion=Opinion "
kamikazefaase wrote on Oct 26, 2007 2:00 AM:
" Big Spender: Are we paying down the debt first created by the Thompson machine or increasing it because we don't get enough revenue from corporations? We must pay off the debt of this state as quickly as possible, examine all the state programs to target those worthy to continue or be eliminated. If I misread your blog, I apologize. If they have reduced our inherited $3.2 billion debt to $2.4 billion and plan to reduce it by another $700 million, this would be great for everyone. However, we will still have $1.7 billion left in debt at the end of this budget and will need the kind of increases in liquor, hospital and oil taxes plus corporation taxes to eliminated it in the next budget. And that's without new spending. "
kamikazefaase wrote on Oct 26, 2007 1:49 AM:
" It is too bad that the state didn't get the oil companies to pay a tax on their profittering done to state residents. Again just another move by the GOP led by Mikey to keep his contributors happy. The hospital tax was probably a backdoor method to get at health insurance companies making big profits not paying for the care deserved by the payors of the insurance. The big question should be when will we stop raiding money earmarked for something else that winds up in the general fund? Our transportation budget and its taxes should be left alone, as should our Patient Compensation Fund. When will we get things straight at any level? "
Big Spender wrote on Oct 26, 2007 1:39 AM:
" Er, um, I hate to pop anyone's bubble while all y'all in Madison are having such a fine party, but ain't there a teeny weeny $2.4 billion dollar state deficit stapled to a little bitty $700 million dollar tax increase...oops, sorry to get everyone upset...I think I'll go back for some more h'our dourves. (Editor's note: article has been retitled "Wisconsin citizens deserve credit paying for compromise budget" as per Big Spender's instructions.) "
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