Monday, April 13, 2009

Budget - my prediction

Now that the budget has passed the Senate, I’m going to make a prediction for how this will come to a conclusion.

I don’t think that the Democrats are going to be willing to use their Supreme Court “hall pass” to thwart the Constitution again so soon. It’s a pretty big risk and four of the seven justices are up for retention vote in 2010; even they have to be aware of that fact.

The Pinnacol raid will turn into a loan. It’s really the only way to ensure that the Democrats can actually get their hands on the cash for sure this year. The Democrats will pay back the loan through increased taxes – the Supreme Court gave them the green light in the mil levy freeze case to take away any tax credit on the books.

So let’s take a look at where they can go to get the money:
food bought at the grocery stores
cigarette sales
agriculture equipment sales
Internet access
livestock sales

The list goes on and on. In total, there are 81 different tax exemptions or credits that the majority party can go after totaling almost $2 billion.

That’s my prediction; we’ll see soon enough if I am right.

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