Are We Taxing Our Way Into More Trouble? - DC News FOX 5 DC WTTG

Are We Taxing Our Way Into More Trouble?

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Los Angeles, CA -

Taxes, taxes and more taxes.


Blame who you want to blame, the City of Los Angeles is in one big financial mess. And once again they, as in city leaders, are turning to us to bail LA out with Measure A.

Those who support the half cent tax increase say it will only cost the average taxpayer something like $30 a year; comparing it to the cost of a few lattes here and there. Why is it that they always compare the cost to coffee? Because they know we are caffeine addicts? I digress.

Back to that $30 latte.

By my math, and mind you I'm in TV because I hate math, I'm already paying for an additional 400 cups of coffee a year between all the tax increases that would cost me "next to nothing".

On the bright side, maybe that's why I have so much energy. On the downside, all that extra coffee is costing a lot of money. Have you seen the price of a cup of coffee?

So what's a city to do?

Joel Fox, who heads the Small Business Action Committee, suggests giving the new mayor, the one we're going to elect tonight or May 21st, a chance at balancing those unbalanced city books.

Plus, he or she will have a lot of new council members to work with. Maybe they're good at math and can help.

And if they can't figure it out, then come next election we can talk taxes - and the price of coffee - again.



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