Posted by Congressman Doug LaMalfa at 12:00 am on Dec 17, 2007 1 Comment
With looming tax increasesneeded to fund it, AB 1X passes
off the Assembly floor, on a party line vote of 46-31.
The voters will likely be asked to pass a package of tax increases
in November ’08 that would raise taxes on hospitals, employers
payroll from 1-6.5%, and tobacco,to fund the projected, at
least in Year 1, $14,000,000,000 health program, toprovide
benefits for users at up to 400% of the federal poverty
level.
With the Democrat drumbeat for tax increases to fix the
current $14,000,000,000 budget
messstarting up, I wonder what Dem tax increase
ideas will be left over for eitherbudget or
health. Tobacco tax was bumped up a few years ago, the sales
tax also, 9% in some lucky jurisdictions. The richest
Californians[or those at the 700% of poverty level I like to
say] were hit by Prop 63 a couple years ago.It will be
much more difficult to raid counties or the transportation funds
now, with propositions rightly passed by voters to safeguard these
funds from a hungry state budget.
The taxes on these 3 items are seen inDem floor arguments
as a "self-funding" mechanism for… Read More