Limited resources? The only thing limited is the political will to make corporate taxes more fair. As Finance Committee chairman, I proposed: a responsible drilling tax on Marcellus shale--to generate $1.3 billion this year instead of the $200 million we collected--and combined reporting to close business tax loopholes, using part of the revenues gained to lower the Corporate Net Income tax. That would generate another $1.8 billion. With all that, we could restore cuts to basic education and higher education funding (tied to tuition challenge grants as incentives to limit tuition hikes) and better fund environmental protection programs and efforts to create jobs and promote community development.
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