As most FR readers know, I am not one to post press releases sent to me verbatim. Usually the releases aren’t too notable, or if they are, the downside of printing a release is it seems to exponentially increase the number of press releases SPAMed to me. But that said, if anyone needed a reminder of exactly how much PHIL ANGELIDES LOVES TAX INCREASES, you have to take a read on this info (yes, courtesy of a Schwarzenegger Campaign press release). At least Angelides is consistent — he wants to raise taxes on everything and on everyone!
Angelides Promises $10 Billion Tax Increase
Howard Jarvis Taxpayers Association: Angelides’ "Promises Would Necessitate Tax Increases Exceeding $10 Billion And Even That Figure Is Probably Low." "We have a real problem with the fact that Mr. Angelides’ promises don’t match up with his contention that his tax increases won’t exceed $5 billion annually. Our own review, and the analyses of others, suggests strongly that the promises would necessitate tax increases exceeding $10 billion and even that figure is probably low.’" (Howard Jarvis Taxpayers Association, Statement By President Jon Coupal, Press Release, 6/9/06)
Angelides Supports Weakening Proposition 13 Property Tax Protections For Homeowners And Businesses
Angelides: California "Ought To Have The Courage To Re-Look" At Proposition 13 Property Tax Protections, Saying "I Do Think That’s One Of the Structural Changes We Need To Make." "And so we really I think, some now 23 years after Proposition 13, ought to have the courage to re-look at it, to give back to local governments a reasonable and rational ability for local citizens to decide what kind of property taxes they’re willing to pay for what kind of services so we’re not wholly dependant on state government to finance all these capital improvements and programs and we’re not highly dependant on, frankly, taxes that tax productivity and consumption and are highly volatile. And I do think that’s one of the structural changes we need to make." (Phil Angelides, Remarks To 24th Annual Real Estate & Economics Symposium, UC Berkeley’s Fisher Center For Real Estate And Urban Economics, San Francisco, CA, 11/19/01)
Click here to listen to Phil Angelides talk about reworking Proposition 13. (Phil Angelides, Remarks To 24th Annual Real Estate & Economics Symposium, UC Berkeley’s Fisher Center For Real Estate And Urban Economics, San Francisco, CA, 11/19/01)
PHIL ANGELIDES HAS A LONG HISTORY OF SUPPORTING TAX INCREASES
CAR TAX: Angelides Supported $4 Billion Tripling Of Car Tax, Called Governor Schwarzenegger’s Repeal Of Car Tax Hike "Wrong-Headed." "’The car tax,’ [Angelides] said, ‘has been cut for people, even like the governor, who own Hummers. And that’s being financed with borrowing and more cutbacks on the disabled and our university system … The notion that it’s more important to give a tax break on a Hummer than to help the disabled become full, productive members of our society just seems wrong-headed.’" (George Skelton, Op-Ed, "Two Passionate Voices Are Making Themselves Heard," Los Angeles Times, 12/11/03)
SALES TAX: Angelides Proposed Raising Sales Tax. "By raising the state sales tax by 1/2 cent and raising taxes on the wealthy, Angelides estimates California could generate an additional $11.9 billion in three years, and take out new short-term loans in the meantime." (Michael Liedtke, "Bond Measure For Debt-Ridden California Faces $15 Billion Question," The Associated Press, 2/13/04)
INCOME TAX: Angelides Proposed Raising Income Tax. "Angelides said the deficit can be wiped out in three years if the state reinstates the 10 and 11 percent tax brackets on the state’s top wage earners – singles who make more than $140,000 a year and couples making more than $280,000 year. Those tax rates would generate about $6.8 billion over the next three years." (Tom Chorneau, "Angelides Offers No-Bond Plan, While Assembly Approves Cuts," The Associated Press, 2/19/04)
CORPORATE TAX: Angelides Proposed Raising Corporate Income Tax. "State Treasurer Phil Angelides called on Gov. Gray Davis and Democratic legislators Monday to step up pressure on Republicans to raise taxes, saying GOP intransigence threatens to undermine California’s public school system. … Among his suggestions: higher alcohol and corporate-income taxes …" (Michael Finnegan, "Angelides Seeks to Press GOP for Tax Hikes," Los Angeles Times, 2/11/03)
PROPERTY TAX: Angelides Proposed "Split Roll" Property Tax Hike On Businesses. "Angelides proposed several tax increases, including: … -Instituting a so-called ‘split roll’ property-tax system, in which commercial property would be assessed at a higher rate than residential property." (Mark Martin, "State Treasurer Calls For Increase In Business Taxes," San Francisco Chronicle, 2/14/03)
ALCOHOL TAX: Angelides Proposed Raising Taxes On Alcohol. "[A]ngelides proposed several tax increases, including: … -Adding sales tax to services like legal and accounting fees; … He also proposes upping taxes on alcohol." (Mark Martin, "State Treasurer Calls For Increase In Business Taxes," San Francisco Chronicle, 2/14/03)
LEGAL AND ACCOUNTING SERVICES TAX: Angelides Proposed Expanding Sales Tax To Legal And Accounting Services. "[A]ngelides proposed several tax increases, including: … -Adding sales tax to services like legal and accounting fees …" (Mark Martin, "State Treasurer Calls For Increase In Business Taxes," San Francisco Chronicle, 2/14/03)
AUTO REPAIR SERVICES TAX: Angelides Proposed Expanding Sales Tax To Auto Repairs. "Among his suggestions: higher alcohol and corporate-income taxes; expansion of the sales tax to auto repairs, legal work and other services, and assessment of commercial property at market value." (Michael Finnegan, "Angelides Seeks To Press GOP For Tax Hikes," Los Angeles Times, 2/11/03)
FARM EQUIPMENT TAX: Angelides Proposed Repeal Of Sales Tax Exemption On Farm Equipment. "State Treasurer Phil Angelides wants to repeal the sales-tax exemption on farm equipment and diesel fuel to help repair the waning state budget, outraging agriculture leaders struggling to keep their industry financially afloat. … In 2001, the Democrat-dominated Legislature approved Assembly Bill 426, which provided sales-tax exemptions on liquid petroleum gas, farm and timber equipment and diesel fuel used in farming activities." (Jennifer M. Fitzenberger, "Farmers’ Break On Sales Taxes Attacked," Fresno Bee, 4/28/04)
DIESEL FUEL TAX: Angelides Proposed Repeal Of Sales Tax Exemption On Diesel Fuel Used In Farming Activities. "State Treasurer Phil Angelides wants to repeal the sales-tax exemption on farm equipment and diesel fuel to help repair the waning state budget, outraging agriculture leaders struggling to keep their industry financially afloat. … In 2001, the Democrat-dominated Legislature approved Assembly Bill 426, which provided sales-tax exemptions on liquid petroleum gas, farm and timber equipment and diesel fuel used in farming activities." (Jennifer M. Fitzenberger, "Farmers’ Break On Sales Taxes Attacked," Fresno Bee, 4/28/04)