Post by terrus on Jul 1, 2014 17:49:57 GMT -5
Members of the New York Legislature,
The Congress' enactment of the Assumption Act freed the State of New York from the massive burden of Independence War debt, leaving the state's finances in vastly better condition. There are certain to be significant surpluses for the next few years, if not the next several decades. The most astute economic wizards that I know believe that in fact, the state will be taking in vastly more money than it spends, now that it need no longer pay interest.
New York should certainly commit a good amount of this new revenue to economic investment. Roads, ports, and public buildings are needed for this state to thrive. Need I note that New York City, as a burgeoning metropolis, will itself need civic expenditures to prosper. But we must remember that the state can only do so much to promote growth. Ultimately, it is the citizens that must bear the brunt of the work of driving the economy, and the titans of industry that most greatly influence it.
The State of New York should couple this investment with tax reduction in order to help those citizens that are doing the work of driving the economy. Lower general taxes will inject more money into the market, allowing the market to grow faster. Lower general taxes will also invite investment, both from abroad and from elsewhere in the United States, where tax rates are higher. And lower newspaper taxes in particular will help the state's populace be informed and intelligent.
I write today simply to petition the legislature, specifically to reduce our taxes to a "low," level, and to reduce newspaper taxes to $.5 per page. I hope you will consider my proposal.
Thank you,
Jack Terrus
United States Representative
The Congress' enactment of the Assumption Act freed the State of New York from the massive burden of Independence War debt, leaving the state's finances in vastly better condition. There are certain to be significant surpluses for the next few years, if not the next several decades. The most astute economic wizards that I know believe that in fact, the state will be taking in vastly more money than it spends, now that it need no longer pay interest.
New York should certainly commit a good amount of this new revenue to economic investment. Roads, ports, and public buildings are needed for this state to thrive. Need I note that New York City, as a burgeoning metropolis, will itself need civic expenditures to prosper. But we must remember that the state can only do so much to promote growth. Ultimately, it is the citizens that must bear the brunt of the work of driving the economy, and the titans of industry that most greatly influence it.
The State of New York should couple this investment with tax reduction in order to help those citizens that are doing the work of driving the economy. Lower general taxes will inject more money into the market, allowing the market to grow faster. Lower general taxes will also invite investment, both from abroad and from elsewhere in the United States, where tax rates are higher. And lower newspaper taxes in particular will help the state's populace be informed and intelligent.
I write today simply to petition the legislature, specifically to reduce our taxes to a "low," level, and to reduce newspaper taxes to $.5 per page. I hope you will consider my proposal.
Thank you,
Jack Terrus
United States Representative
