In this last minute election fever, we’ve seen some Democrat mailers big on rhetoric and thin on information.
A particular illusion being peddled is that because this year’s budget was smaller than the 2008 budget, Democrats in the State House shrank the size of state government.
While we’re happy to see Democrats embracing conservative, small‐government principle, this is a myth. Here are the facts:
In order to balance the Fiscal Year 2010 budget, Democrats in the State House increased taxes and fees to raise $206 million dollars.
These included: Raising the Personal Income Tax, and even raising the rate of personal income taxes on families making less than $25,000 a year.
No one likes to pay taxes, but raising taxes on lower‐income families during a recession is simply irresponsible and threatens the economic life‐line of the community.
In addition, The General Assembly re‐instated the Estate Tax on Delaware’s families.
The Democrat‐controlled legislature raised the Gross Receipts Tax (also known as “Delaware’s Hidden SalesTax”) on our small businesses, the engines of our economic recovery.
According to Representative Greg Lavelle, “The state’s budget grew 6% last year, 3% of it from tax and fee increases, and the other 3% from one‐time federal stimulus money. They balanced the budget on the backs of families and on federal debt. In the middle of a recession, that’s not fiscal responsibility, its insanity.”
The Delaware House of Representatives also had to meet an un‐expected $800 million budget shortfall this year.
One final and particularly compelling statistic compiled from Caesar Rodney is the Spend‐O‐Meter.
Take a look below and see just what is going on here in little Delaware.
Ask yourself: Is your family as careless with its money as Dover is?
Facts & Figures compiled from the Caesar Rodney Institute
The Caesar Rodney Institute’s “Spend‐O‐Meter” is calibrated to the total budget passed by the General Assembly for Fiscal Year 2010:
Spending per month = $284,285,817
Spending per week = $65,604,419
Spending per day = $9,346,383
Spending per hour = $389,432
Spending per minute = $6,490
Spending per second = $108