July 6, 2009

Update on the Billion Dollar Gridlock Tax Cut in NY

The NY State Senate remains deadlocked at 31-31 so we continue to enjoy the freest period in many decades when no new taxes or laws reducing liberty have been passed for three whole weeks.

I actually underestimated the amount of the gridlock tax cut. It’s way over a billion. NYC residents alone will be taxed $700 million more when the dirty deal is made for a 32nd vote.