State Deputy Revenue Secretary Mark Muchow said on Talkline Friday, “The hope is West Virginia will be more competitive over time and we’ll actually see a growth in associated tax collections.
This little blurb showed up in Hoppy Kercheval's Metro News column the other day in response to the fact that West Virginia is gradually dropping its food tax as well as some tax burdens on corporations.
This idea was not invented by Governor Tomblin and his revenue chiefs. It has been around for quite a long time now. Republicans understand it intuitively and even have a scientific model for it. Most people reading this are quite familiar with the Laffer Curve, the basic model for supply side economics, better know a few decades ago as Reaganomics.
So this is it guys. Stop lying to yourselves. You are not the Democratic Party. You are officially acknowledging that lower taxes on producers can result in higher net revenues. At the same time, your national party and the policies it supports are designed to squeeze every last nickel out of anyone and everyone. You, on the other hand, seem to get the concept of "competitive advantage."
So switch registrations already. You are pro-life and supply side economists, which currently put you to the right of Newt Gingrich. But when you do, please leave behind the traditional ways of politics.
If we can clean up our elections while applying conservative solutions, we can strip Pennsylvania and Maryland clean of businesses and residents who are sick to death of higher and higher taxes.