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Mortensen Hearts Taxes, IRS

How did Nevada get into the economic mess we find ourselves in today? By putting Democrats like former Assemblyman Harry Mortensen in charge of our Legislature for the last 20-plus years, that’s how.

In a letter-to-the-editor published on Sunday by the Las Vegas Review-Journal, Mortensen – mercifully out of office thanks to term limits – calls for the imposition of a corporate income tax – as if a business tax isn’t an indirect tax on a corporation’s owners, stockholders and customers. But it was Mortensen’s position on how to collect the tax that was truly frightening.

“(T)he management of a business income tax is not as difficult as has been represented. Most states — in cooperation with the IRS — simply collect a percentage of the obligation owed to the IRS, and then the IRS gives the business a deduction for the money it pays in state income tax. That’s a win-win situation for Nevada businesses and Nevada.”

Yeah, raising taxes and further entangling business owners with the regulatory red tape and strong-arm tactics of the IRS is a real win-win. Do us all a favor, Mr. Mortensen, stay retired!