Democrats Reneg On Their Deals, Making It Pointless To Try And Cut One
Last week I wrote a tough column extremely critical of the votes cast by Republican Assemblyman Brian Nestande and Republican-turned-Independent Nathan Fletcher for Assembly Bill 1500, legislation by Speaker John Perez that would arbitrarily shift about a billion dollars from the private sector into the coffers of California state government by hitting with a big tax increase multi-state companies that that sell services and products to Californians, but don’t have a lot of real estate assets or employees in the state. Californians depend on reliable and predictable availability of the services and goods which they consume in order to keep costs low and quality high. It is pretty a pretty established economic reality that when you increase the costs of goods and services, you create a scarcity and thus drive up the costs. Simply put, a billion dollar (plus) tax increase ultimately hurts the California consumer.
To the extent that the liberals running California state government continue to make it more expensive and difficult… Read More