The Democratic Freedom Caucus (DFC) National CommitteeÂ Â Â has endorsed W. Lane Startin for Idaho State Treasurer.
Startin points out that what the incumbent stateÂ Â treasurer did with “mortgage-backed securities” wasÂ “irresponsible. A state treasury is not a hedge fund.Â Â Â Investments should be in low-risk vehicles, especiallyÂ Â those with guaranteed rates of return.”
“In 2006, Idaho raised its sales taxes and cut its property taxes, a scheme which is proving to beÂ Â detrimental,” including its effect on encouraging harmfulÂ Â land speculation. (The DFC agrees that decision was aÂ Â mistake. The DFC platform points out that it makes senseÂ to lower the property tax on buildings and improvements,Â Â but the tax on the value of a location is similar to aÂ Â user fee for public services such as roads, policeÂ protection, schools, etc., which raise the value of land.Â Â If that aspect isn’t there the result is large amountsÂ Â of land speculation, which leads to less job creation,Â Â Â less affordable housing, and less affordable productsÂ Â and services.)
As Startin notes, although the state treasurer doesn’t directly make decisions on such things as taxation, theÂ person in that position can have an influence, by meansÂ Â of having a “bully pulpit”.
Contact information for W. Lane Startin’s campaign:
W. Lane Startin for Idaho State Treasurer
1140 S. Phillippi St. Â Boise, ID 83705-2621