Daily Archives: July 5, 2013

Few will miss Morsi, but now what?

There is much uncertainty about what just happened in Egypt and what happens now, with Muslim Brotherhood leader Mohammed Badie declaring Friday that Egyptians will not accept military rule and pledging to defend ousted President Mohammed Morsi. But most global pundits aren’t thinking about a Morsi comeback. “There are so many good reasons to be happy and grateful for the latest turn of events in Cairo,” wrote Bloomberg’s Jeffrey Goldberg, noting how women and Christians were suffering under the Brotherhood. And if the military had not intervened, he wrote, “the Muslim Brotherhood may have tried, over time, to make sure that Egypt’s first free and fair election was also its last.” Goldberg concluded: “Egyptians have suffered enough from everything already. The hope, as outlandish as it sounds, is that this coup finally sets their country on a different trajectory.” The Guardian’s Simon Jenkins wrote: “Egypt is not Les Miserables.” Egyptians deserve to be left in peace and spared further lectures from the West, he said. “It may be ironic that Cairo protesters should demand their army save them from the same politician who so recently saved them from the army. But it is an Egyptian irony, for Egyptians to resolve.”

Even with tax increases, revenue will drop sharply

Revised state revenue estimates released last week project that the state will collect $115 million more in income taxes this fiscal year than previously projected. That’s primarily because the Legislature and Gov. Sam Brownback phased out several state income-tax deductions. The state is also projected to collect $168 million more in sales tax because lawmakers voted to set the statewide sales tax at 6.15 percent, rather than let it fall to 5.7 percent as previously promised. But even with this additional tax revenue, total receipts to the state general fund are expected to drop by $365 million this fiscal year, or 5.8 percent.