State Senator Mary Lazich (R-New Berlin) represents parts of four counties: Milwaukee, Waukesha, Racine, and Walworth. Her Senate District 28 includes New Berlin, Franklin, Greendale, Hales Corners, Muskego, Waterford, Big Bend, the town of Vernon and parts of Greenfield, East Troy, and Mukwonago. Senator Lazich has been in the Legislature for more than a decade. She considers herself a tireless crusader for lower taxes, reduced spending and smaller government.
You probably have heard of Tax Freedom Day.
Did you know this Sunday, June 7, 2009 is Friedman Day? Named after the late Nobel-laureate economist Dr. Milton Friedman, it’s the day the American Institute for Economic Research calculates Americans start earning money for themselves rather than paying the government.
Friedman Day comes later than Tax Freedom Day because Friedman Day includes money borrowed by the government to fund spending that isn't covered by tax revenue.
During September 2003, Friedman gave an interview to conservative columnist John Hawkins.
Friedman told Hawkins the following:
“I am in favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it’s possible. I believe the big problem is not taxes. The big problem is spending. The question is, ‘How do you hold down government spending?’ Government spending now amounts to close to 40 percent of national income, not counting indirect spending through regulation and the like. If you include that, you get up to roughly half. The real danger we face is that number will creep up and up and up. The only effective way I think to hold it down, is to hold down the amount of income the government has. The way to do that is to cut taxes.”
Friedman would not be pleased to see the gap between Tax Freedom Day and Friedman Day now stretching almost two months. Investor’s Business Daily explains why in this editorial.