A Long Island Tax Cut Backfires On the Tea Party: Special Report
source: http://crooksandliars.com/john-amato/tea-party-politician-edward-mangano-act
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- toyotabedzrock
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Here's your Tea Party in action. Mangano was actually the first Tea Partier elected to office, and he opposed an extra $7.27 monthly tax that was needed to sustain the budget. This meant the state had to step in and take over the county. (http://news.yahoo.com/s/nm/20110127/ts_nm/us_taxes_nassau_teaparty)
> At his January 2010 inauguration, Tea Party-backed Republican Edward Mangano
> marched up to the podium, pen in hand. Even before being officially declared
> Nassau County Executive, he signed a repeal of an unpopular home energy tax.
> The move elicited chants of "Eddie, Eddie, Eddie" from supporters assembled in the
> auditorium of Mangano's alma mater, Bethpage High School, 30 miles east of New
> York City.
> "This is very cool and quite an honor," Mangano said as he gave his admirers a
> thumbs-up.
> The fiscal consequences, however, were anything but cool. The repeal set Mangano
> on an immediate collision course with the state-appointed fiscal overseer, the
> Nassau County Interim Financial Authority, or NIFA. It culminated in NIFA seizing
> control of the wealthy New York county's finances on Wednesday.
> Nassau's ills exemplify the growing tension across the country as dozens of freshly-
> elected Tea Party lawmakers, many of whom promised to cut taxes, must find ways
> to slash record budget gaps as revenues dwindle.
> "A lot of people who got elected on this type of anti-tax platform are running into the
> brick wall of fiscal reality," said Matthew Gardner, executive director of the non-
> partisan Institute on Taxation and Economic Policy in Washington.
Steve Benen adds:
(http://www.washingtonmonthly.com/archives/individual/2011_01/027741.php)
> Mangano stressed a "tax revolt" platform as a candidate, but few bothered to notice
> that his numbers just didn't -- indeed, couldn't -- add up. He ran against an
> incumbent who felt like he had no choice but to tell voters the truth -- he'd have to
> raise taxes to prevent a disaster -- and the public didn't care for it.
> Mangano didn't quite understand the county's fiscal problems, but proceeded with
> his agenda anyway. And now we see the consequences.
> Tea Party economics always sound nice, right up until these ridiculous ideas are
> actually implemented.
Reuters has the full story in a great piece that you should read: "Special Report: A Long Island tax cut backfires on the Tea Party."
(http://www.reuters.com/article/2011/01/27/us-taxes-nassau-teaparty-idUSTRE70Q5NY...)
As we keep hearing from Conservatives, nothing in life is free. Michael Tomasky explains:
(http://www.guardian.co.uk/commentisfree/michaeltomasky/2011/jan/28/tea-party-mov...)
> I hope that things like this will make people think long and hard about these issues. If
> you want well-paid cops and nice parks and good schools and upgraded county
> roadways that can handle the traffic, you have to pay for them. I'm well aware that
> paying taxes isn't fun. I pay high ones in Montgomery County. But things work there,
> generally speaking, and life is good there, and I'm happy to pay 'em. People have to
> learn these things in their own time, I guess.
Edward Mangano isn't solely responsible for the budget problems of Nassau County, obviously, but the Tea Party mantra of cutting taxes isn't the answer to all our problems. Real leadership means making grown-up choices because those choices have an impact on REAL people. Think Progress has more.
(http://thinkprogress.org/2011/01/28/tax-cut-debacle/)
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good_stuff
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The question they don't answer is what is next?
So, he cut taxes, and the state assumed control. Is the state going to bail the county out (like banks) or force them into bankruptcy (like GM)? Eitherway, it sounds like a win for the county executive who cut everybodies taxes, but didn't personally have to cut any spending. Does he get the county back after it is fixed?
Sounds like he got exactly what he wanted. The only problem is that it wasn't done honestly.
- 1 year ago
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good_stuff
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toyotabedzrock
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good_stuff:
It means he is no longer in charge and has hurt the county. In the end they might end up with larger taxes than before. Or the state tax payers may now have to pay for his mistakes.
- 1 year ago
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toyotabedzrock
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WakeUpPeople
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I guess they don't teach fiscal comprehension at Beck U.
- 1 year ago
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WakeUpPeople
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EdJoyProductions
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He did hit the ground running, as he said he would. He just didn't mention that it would be running toward bankruptcy. Very amusing.
- 1 year ago
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EdJoyProductions
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toyotabedzrock
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EdJoyProductions:
He ran it into a ditch.
- 1 year ago
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toyotabedzrock
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kennymotown
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That's funny! I didn't get time to comment on it last last night, but this cracks me up. I wonder how many were scratching their heads.
- 1 year ago
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kennymotown
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toyotabedzrock
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This is what happens when you vote for an ideal that fits in 140 characters!
- 1 year ago
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toyotabedzrock
