Tone Deaf Democrats To Ask Voters, Once Again, To Tax Themselves
It seems that we are already starting to hear the "insider" crowd in Sacramento talking about a budget deal that includes more cuts combined with some sort of tax increase . It wasn’t so long ago that we heard this same idea. In fact, it was just last year when the Governor and the legislature concocted a plan to jam average tax payers with over $12 billion in higher income, sales and car taxes (as well as a cut in the child tax credit) in exchange for what? Yes, there were some spending cuts — but California can’t print money (thank goodness), so cuts will happen as a function of running out of spendable cash. The "big" reform put on the table by politicos was a very weak ballot measure that purported to be a spending cap but was proven to not be able to withstand a concerted effort by a future Governor and legislature to overspend. And to get that weak spending reform one had to vote to extend the massive tax increases for yet another two years. It’s also worth mentioning that in the 2009 budget was a sickening back-room side-deal where a portion of the new revenues captured by all of the broad… Read More