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Variations | Forty years ago

Variations | Forty years ago
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Editorials | Hey big spender

EICFWFA  THE House majority bloc members have introduced H.B. 22-19, the earned income tax credit or EITC bill with a clunky and grandiloquent title, “End Income Crush for Working Families Act.” We notice, however, that the bill doesn’t tell us the whole story about the EITC program in the CNMI. There was no mention that it was implemented during the administration of Gov. Froilan “Lang” C. Tenorio (1994-1998) when the local economy had soared to stratospheric heights. Tourist arrivals were at their historic peak (over 700,000 in 1997; compared to, more or less, zero since last year). In those days, the garment industry was still on island; the government was collecting revenue as if a slot player who had just hit jackpot (one senator from Tinian who seldom attended sessions had over 30 staffers). In 1997, Governor Lang submitted a $262 million budget proposal (according to an online inflation calculator, worth about $430 million today), the largest in CN

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