Feb 19, 2011 8:02 PM GMT
Meanwhile, what about Maddow’s claim -- also repeated across the liberal blogosphere -- that Walker’s tax-cut bills approved in January are responsible for the $137 million deficit?
Lang’s fiscal bureau report and news accounts addressed that issue as well.
The tax cuts will cost the state a projected $140 million in tax revenue -- but not until the next two-year budget, from July 2011 to June 2013. The cuts are not even in effect yet, so they cannot be part of the current problem.
Here’s the bottom line:
There is fierce debate over the approach Walker took to address the short-term budget deficit. But there should be no debate on whether or not there is a shortfall. While not historically large, the shortfall in the current budget needed to be addressed in some fashion. Walker’s tax cuts will boost the size of the projected deficit in the next budget, but they’re not part of this problem and did not create it.
We rate Maddow’s take False.