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“Suffolk County faces a gaping $51.8 million, two-year deficit in sales-tax revenue, according to a new report by legislative budget analysts, putting a huge hole in the $2.9 billion budget County Executive Steve Bellone unveiled last month.
The new estimates from the Office of Budget Review — the first since dismal sales-tax figures came to light a week ago — forecast a $48.6 million deficit in the general fund and a $3.2 million shortfall in the county’s water protection fund.”
Comment:
Below, my response to the media writer rick.brand@newsday.com
Rick,
Food for thought. People can’t spend like they used to after 40 years of outsourcing our production jobs of consumer products. Simply, the USA after 1980 was not supposed to export work and import people at the same time, resulting in less work with more people equals lower wages and lower tax receipts.
Now, regarding the 8.625% sales tax.
#1 The global corporations that outsource work to avoid US taxes and labor.
#2 The global corporations that import cheaply, our consumer needs for higher profit.
Those people should be paying an 8.625% import tax to help over ride USA losses. Not the consumers. Think about it. We are exporting jobs, and taxing ourselves?? Like Trump said…Our leaders are stupid. I’ll add to that. Stupid and or taking bribes from corporations.
You media people should really try to educate people as to why things are bad. IMPORTS. And stop telling people what they already know. Bring important valuable unknown information to their attention like I did for you.
A factory can survive WITHOUT an office and a showroom. An office and a showroom can NOT survive without a factory. The big corporations have turned the entire USA into an office and a showroom. And turned China et al into the factory.
It does not mater anymore anyway because the past 40 years was a mistake, the damage has been done, and a natural transition in unfolding to correct the past. Time to be optimistic because the past is finally resulting in failure of the past.
Best regards,
Mr. Copper