Thursday, May 30, 2013

Government Spending Exceeding Constitutional Cap

It seems like yesterday, but two decades have passed since then-Connecticut Governor Lowell Weicker signed a state income tax into law.

And while many of us can vividly recall the huge taxpayer rallies which were held at the State Capitol during that time, we may have forgotten that the hated tax hike was tied to a measure which restricted state government spending increases to inflation and personal income increases.

They called it the “Spending Cap” – a cap on the amount of your money our state officials could spend.  It aimed to reassure a nervous public that the tax on our personal income would not become the politicians’ license to spend.

Fast forward to today.

The income tax has not proven to be the cure-all for Connecticut’s budget problems.  In fact, it has proven to be the predecessor to a variety of other tax hikes, including the recent record-setting tax hikes on sales, estates, corporate profits and, yes, the income tax.

Meanwhile, the spending of your money has not been brought under control. Your state government continues to have a penchant for spending whatever revenue becomes available.

This year, there is a move by Democrats in Hartford to change the definition of the “Spending Cap”.  By altering the definition, the majority party would be able to enact future spending increases.  In other words, the “Spending Cap” - one of our only checks on runaway government spending - would be forever altered.

I have a big problem with that idea of handing our elected officials more blank checks to spend even more of your money, and I hope you see why.

Think of a family on a budget.  Let’s say a family has been spending more money than the household is taking in as income.  To get back on track, you agree to abide by a spending allowance of a certain amount each week.  Sure, there are temptations to spend on unnecessary items, but common sense usually prevails and the disciplined approach proves to be the best long term solution.

In the State of Connecticut’s case, changing the definition of the spending cap to suit elected officials’ spending habits would be a terrible mistake.  Our state is broke, yet we continue to borrow, tax and spend your money as if there will be no consequences to the spree.

There of course will be consequences.  They will arrive in the form of higher debt and even more taxes on our children and grandchildren.

The bill to unscrew the spending cap is House Bill 6352. I hope you will join me in opposing the move to give our legislature a license to spend.