Cost of Government Highest Ever in 2010: Your earnings for 231 days goes to Government

Cost of Government Highest Ever in 2010

American workers spent the first 231 days of this
year toiling to pay off the costs of state, local, and federal
governments, leaving just 4 1/2 months to provide for themselves and
their families.

Each year, the Americans for Tax Reform
Foundation and its Center for Fiscal Accountability calculate the day on
which average Americans have paid off their share of the cost of
government spending and regulations. This year that day fell on Aug. 19,
eight days later than last year and the latest Cost of Government Day
ever recorded, according to Mattie Corrao, government affairs manager
for Americans for Tax Reform.

"The fact that Cost of Government Day falls in
the later part of August is alarming enough. It is even more harrowing
that the 2010 Cost of Government Day constitutes a 34-day jump from COGD
just two short years ago, when it fell on July 16," said Grover
Norquist, president of Americans for Tax Reform.

"This illustrates the ballooning growth of
government, and should be of serious concern to taxpayers who are
footing the ever-expanding bill."

The growing insolvency of state budgets, “coupled
with exploding wages and benefits for government workers, continues to
push the costs of state and local governments higher,” Corrao wrote for
the Budget & Tax News website. “Across the nation, state taxes were
raised by a net of $23.9 billion” in fiscal year 2010.

Between 1998 and 2008, the 10 states with the
highest tax burdens — California, New York, New Jersey, Connecticut,
Vermont, Ohio, Maryland, Hawaii, Wisconsin, and Pennsylvania — lost more
than 3 million residents, who took with them $92 billion in income.

During the same period, the nine states with no
income tax — Florida, Nevada, Alaska, Texas, New Hampshire, Tennessee,
Washington, South Dakota, and Wyoming — gained 2.3 million new residents
and $92 billion in wealth.

Corrao concludes: “Public pay and benefits remain
unsustainable in many states, and spending will have to be limited if
these states are to compete for the best and most productive
individuals.”

American workers spent the first 231 days of this
year toiling to pay off the costs of state, local, and federal
governments, leaving just 4 1/2 months to provide for themselves and
their families.

Each year, the Americans for Tax Reform
Foundation and its Center for Fiscal Accountability calculate the day on
which average Americans have paid off their share of the cost of
government spending and regulations. This year that day fell on Aug. 19,
eight days later than last year and the latest Cost of Government Day
ever recorded, according to Mattie Corrao, government affairs manager
for Americans for Tax Reform.

"The fact that Cost of Government Day falls in
the later part of August is alarming enough. It is even more harrowing
that the 2010 Cost of Government Day constitutes a 34-day jump from COGD
just two short years ago, when it fell on July 16," said Grover
Norquist, president of Americans for Tax Reform.

"This illustrates the ballooning growth of
government, and should be of serious concern to taxpayers who are
footing the ever-expanding bill."

The growing insolvency of state budgets, “coupled
with exploding wages and benefits for government workers, continues to
push the costs of state and local governments higher,” Corrao wrote for
the Budget & Tax News website. “Across the nation, state taxes were
raised by a net of $23.9 billion” in fiscal year 2010.

Between 1998 and 2008, the 10 states with the
highest tax burdens — California, New York, New Jersey, Connecticut,
Vermont, Ohio, Maryland, Hawaii, Wisconsin, and Pennsylvania — lost more
than 3 million residents, who took with them $92 billion in income.

During the same period, the nine states with no
income tax — Florida, Nevada, Alaska, Texas, New Hampshire, Tennessee,
Washington, South Dakota, and Wyoming — gained 2.3 million new residents
and $92 billion in wealth.

Corrao concludes: “Public pay and benefits remain
unsustainable in many states, and spending will have to be limited if
these states are to compete for the best and most productive
individuals.”

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