Renter's Rebate
When I read this, I was a bit put off that Democratic Rep. Kendall Van Dyk would propose renters get a $400 rent equivalent property tax rebate. I was ready to fire off a post decrying what a rotten idea it was to redistribute people's earnings this way.
The more I thought, however, the more I liked the idea. It will take $43 million more from the projected $1 billion State Treasury surplus and distribute it to renters. I'm always fine with taxpayers getting to keep more of their money to spend as they see fit. Having been a renter in my younger days for many years, I knew part of my rent paid the property taxes on the property. Most renters work and pay income taxes, license their cars, and pay other state taxes and fees so I am fine with them getting some of that back.
I think the Republican alternative for permanent property tax relief is far better and more fair and would hope that it would pass but I understand it won't be as popular as the $400 rebate. I would certainly benefit more from this alternative but I also am realistic enough to understand it probably won't be successful.
Bottom line, anytime we can get people's money back into their pocket, I am for it! I'll be happy to cash my $400 check and spend it frivolously.
Delicious
Digg
Fark
Google Bookmarks
Live Favorites
Netscape
Newsvine
Reddit
Slashdot
Stumbleupon
Technorati Favorites
Yahoo MyWeb
Write a comment
No trackbacks
No comments
Be the first to write a comment on this post.
Write a comment
If you want to add your comment on this post, simply fill out the next form:
* Required fields
You can use these XHTML tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>.
No trackbacks
To notify a mention on this post in your blog, enable automated notification (Options > Discussion in WordPress) or specify this trackback url: http://www.thehammondreport.com/2007/01/23/renters-rebate/trackback/