It's good for you when Idaho Republicans cut $35.7 million from the tax burden borne by the state's corporations and richest citizens. At least, that's what they say. "It lowers taxes in the state of Idaho, it makes Idaho more competitive with its surrounding states," said House Majority Leader Mike Moyle, R-Star, who is co-sponsoring this measure with Gov. C.L. (Butch) Otter. Speaking to the House tax committee Tuesday, Moyle promised lowering taxes at the top tier would make "Idaho known on the map and sends the world a message that Idaho is open to do business. While I don't think it's enough, I think it's a step in the right direction, and it's probably the best economic development bill we've seen all year."In other words, if the rich pay less in taxes, they'll invest more. That way, everybody else in Idaho will prosper. Just one thing: It doesn't work/Marty Trillhaase, Lewiston Tribune. More here.
Question: It's hard to imagine that the Idaho Legislature would squander $36 million to provide a tax cut for the most prosperous Idahoans rather than use the money to restore draconian tax cuts of the last few years. What say you?