When Do Florida Taxpayers Finish Paying Off Their Share of Government?
WASHINGTON - The Cost of Government Day (COGD) Report found near record high levels of spending by the federal government yet again. Due to the large levels of increased spending, Cost of Government Day fell on July 11, an additional two days later than the adjusted 2006 Cost of Government Day. Americans for Tax Reform releases this yearly report to inform the American taxpayers what the total cost of government is and when in the calendar year the average American is finished paying off his/her share of federal, state and local taxes, and regulatory burden.
"Right now taxpayers are under attack from Congress," said Grover Norquist, president of Americans for Tax Reform. "With tax increases on everything from cigarettes to private equity on the table, this year's Cost of Government Day must spur politicians into action to protect taxpayers and the economic growth achieved under President Bush's tax cuts."
The COGD report also has several other important findings of note for Florida taxpayers. According to ATR's COGD study, the average Florida taxpayer will have to work 194 days - until July 13th - to pay off his or her share of government spending this year. Additionally, taxes in Florida have decreased by a cumulative $4,165,000,000 from FY 2002-2008.
"American taxpayers already work well over half of the year to pay for the cost of government. The tax and spending spree must end," continued Norquist. "Without significant reform of entitlement programs and fiscal restraint, taxpayers can expect their cost of government burden to continue rising."
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