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Public Statements

Issue Position: Finance, Taxation and Revenue

Issue Position

By:
Date:
Location: Unknown

· Vermont is rapidly gaining the reputation of being the "Land of Endless Taxes" raising and extending collections in nearly every area. Income Taxes, Property Taxes, Sales Tax, Motor Vehicle Fees/Taxes, Cigarette/Tobacco Taxes, Liquor Tax - almost everything is fair game. We must bring expenses and expenditures under control to allow us to reduce tax demands
· Vermont currently relies on the Federal Government to pay for nearly three quarters of the state's expenditures, in fact Vermont receives $4.3B annually from the Washington more than all taxes collected from Vermonters by the Federal Govt. ($4.01B) - It is understood that the Federal Government cannot continue on its spending spree and when the "cash flow' to the states is cut down or cut off Vermont will be unable to increase taxes by 200%+or cut expenditures by 75%.
· Investigate the establishing of a State Bank to manage state funds and create a more affordable method for marketing bonds.
· Investigate the establishment of Emergency Warrants to be used to satisfy creditors should Vermont find itself in a period of exigency allowing the state to bridge a period of income (revenue) shortfall.


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