Republican Doug Sposito is one of four candidates in the Legislative District 30 House of Representatives GOP primary. We asked him a few questions about taxes.
Do you support the repeal of the state property tax?
As a set of tools to help stop us from falling in the hole and a set of tools to help generate revenue, because that restores some faith in the business community that government trusts the business community to create jobs and raise revenues. As a tool to get us out of debt, it doesn’t work. You don’t dig a deeper hole to get us out of the hole that we’re in…. We have two distinct problems here. One is the hole we’re in. And giving tax cuts to get us out of the hole, that’s not going to work. But providing tax cuts to businesses as a way to increase revenues and help ensure we don’t get in the hole again can be an effective tool.
So if you had been there this year, would you have voted for eliminating that $250 million property tax?
Not as a way to solve the budget crisis. You’ve got to remember that the original $250 million cut came about as a way to stimulate revenues. I would have voted for that temporary suspension. But now that’s not a very effective tool.
Do you support borrowing for school construction?
As a short-term way to help us get out debt, it’s good. To bond and continually stack that bond debt onto our children is not good. That debt is going to come home to roost and it’s going to be enormous.
Do you support the T.I.M.E. initiative, which would raise the sales tax by a penny per dollar to pay for highway, rail and local transportation projects?
I support the T.I.M.E. initiative but I think it’s very bad timing. I think you’re going to find it very difficult to get the people out there to support a one-cent tax initiative for anything right now.