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Quote of the Day - Pro is to con as progress is to Congress. - Unknown

And With Tax, Your Total Comes To...

Lawyers in New Jersey may soon utter those words to their clients , and likely a few others to the state legislature if a plan put forward by that state's Democrats to make up a $4.8 billion shortfall in the budget succeeds.  That's right, your neighborhood legislator is thinking about taxing fees charged by lawyers, accountants, consultants and other professionals. 

Lawyers there are none too happy (subscription required) about it, even though it would also affect about 55 legislators who hold professional licenses. 

The plan was first tried in Florida, but was repealed there because professional work flew out of town faster than a speeding bullet and resulted in low revenues.  The idea hasn't been well received anywhere.

The cost of consulting a professional is already high, and may become just a bit higher in New Jersey.  The legislators there have until the June 30 deadline to figure out how to make up the shortfall. 

Here's another way:  cut the budget.

Posted by J. Craig Williams on Monday, June 19, 2006

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