10-6-16 – Peter Shumlin gets an “F” for fiscal policy

by Rob Roper

The Cato Institute released their Fiscal Policy Report Card on America’s Governors for 2016. The criteria for the grading is, in simple terms, cutting taxes and spending (good) versus increasing taxes and spending (bad). Check out the link to report for detailed statistical analysis. Five governors received an “A” and ten received an “F.” Vermont’s Peter Shumlin was one of the ten.

Here’s what Cato had to say about why they tagged Shumlin with a failing grade:

Governor Peter Shumlin has increased taxes and spending substantially, earning him an F on this report. Vermont’s general fund budget grew 27 percent between 2011 and 2016 under Shumlin, even though the state’s population has not grown at all. State government employment has risen more than 10 percent since he took office.

Shumlin scored poorly on taxes. In 2013 he approved an increase in fuel taxes. In 2014 he approved an increase in cigarette taxes of 13 cents per pack, and in 2015 he approved another increase of 33 cents per pack. Also in 2015, he reduced income tax deductions, broadened the sales tax base, and increased property taxes. In 2016 Shumlin signed into law a package of tax and fee increases, including $20 million a year of new fees on mutual funds. He has also proposed numerous new taxes and fees to fund expanded health spending.

Yeah, that about sums it up.

– Rob Roper is president of the Ethan Allen Institute

{ 1 comment… read it below or add one }

Jim Bulmer October 8, 2016 at 1:24 pm

Shumlin overlooked one sure fire opportunity to generate even more tax dollars, he hasn’t gotten around to the air we breath. Vermonters should be ashamed of themselves for letting the idiots in Montpelier tax and spend to the extent that they have. If Vermonters fail to vote these clowns OUT in November, they have no one to blame BUT themselves!

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The Ethan Allen Institute is Vermont’s free-market public policy research and education organization. Founded in 1993, we are one of fifty-plus similar but independent state-level, public policy organizations around the country which exchange ideas and information through the State Policy Network.
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