State Sen. Hannah-Beth “Taxin'” Jackson has introduced SB 468 in response to an estimate from the state Department of Finance that “in just over 10 years, from 2008 to 2020-21, $506.4 billion will have been lost from the General Fund because of tax credit and exemptions.”
Note carefully the tone of that statement: Money that was not collected because it was not due is, in her world, “lost.” Taxin’ Jackson, under the guise of “reducing large tax expenditures” (which were in fact not expenditures at all but rather legal credits and exemptions resulting in lower tax bills), has proposed a bill to eliminate these credits and exemptions without publicly identifying specifics.
This is yet another example of Taxin’ Jackson’s attitude that money belongs to the state, less whatever they allow you to keep. Why do people keep electing her?
