Courtesy of our friends at Americans for Tax Reform…

CA Special Election Fact of the Day: It’s the Spending Stupid Washington D.C. – Gov. Schwarzenegger and the rest of the spending interests that got California into its fiscal crisis want Golden State voters to extend the tax hikes passed in February for another 2 years, resulting in another $16 billion in new taxes. Points of fact: California has the highest income and sales tax rates in the nation and nearly the highest state and local tax burden. … Read More

BLAKESLEE COUNTERS VILLINES ON 1A There are a number of key differences between outgoing Assembly Republican Leader Mike Villines and his chosen successor, Assemblyman Sam Blakeslee. But the most start distinction worth mentioning now, as opposed to when the official handing of the conch shell takes place on June 1st, is their position on Proposition 1A on the May 19th Special Election ballot. Villines helped draft 1A, and has been advocating its passage. Blakeslee opposes it, and urges Californian’s to reject the measure and the $16 billion in higher taxes that are triggered if it were to pass. As FR readers know quite well by now, the text of Proposition 1A contains a revenue "smoothing" measure designed to try and guide California politicians into saving money during good times to then have reserves to spend during tough times. There is a vibrant debate as to whether the measure… Read More

BLAKESLEE COUNTERS VILLINES ON 1A There are a number of key differences between outgoing Assembly Republican Leader Mike Villines and his chosen successor, Assemblyman Sam Blakeslee. But the most start distinction worth mentioning now, as opposed to when the official handing of the conch shell takes place on June 1st, is their position on Proposition 1A on the May 19th Special Election ballot. Villines helped draft 1A, and has been advocating its passage. Blakeslee opposes it, and urges Californian’s to reject the measure and the $16 billion in higher taxes that are triggered if it were to pass.

As FR readers know quite well by now, the text of Proposition 1A contains a revenue "smoothing" measure designed to try and guide California politicians into saving money during good times to then have reserves to spend during tough times. There is a vibrant debate as to whether the… Read More

That may be where we are headed. Almost-billionaire Meg Whitman will apparently be at the Irvine Hyatt for an event with a big price tag — a "suggestion donation of $10" — nice.

Perhaps almost-billionaire Steve Poizner will up her one, and hold events where he pays you $10 to come and listen to his pitch.

Tom Campbell? Peter Foy? How much will you pay me to come hear you?… Read More

Native Californian and Editorial Board Member of the Wall Street Journal John Fund participated in an interview on California’s financial crisis that is worth four minutes of your time… … Read More

EXCLUSIVE BREAKING NEWS! Everyone has to be from somewhere, and the worldwide headquarters of the FlashReport is located here in Orange County, California. So I am exceptionally pleased to share with our readers that Orange County’s top two elected law enforcement leaders, District Attorney Tony Rackauckas and Sheriff Sandra Hutchens, have both come out publicly agains the entire slate of meaures before voters on May 19, Propositions 1A-1F.

I am proud that these two are showing statewide leadership, and looking out for the interests of taxpayers, by opposing this terrible package of ballot measures.

Here is what they had to say:

District Attorney Tony RackauckasI categorically oppose these measures because they increase our taxes by $16 billion on top of the $12 billion dollar tax increase that the Legislature dumped on us just two months ago. This is all being done so that over all spending… Read More

In the interest of getting into out to readers quickly, I will throw this information from the Governor’s Offce without comment for now…

STATE BUDGET MAY REVISION 2009-10: TWO BUDGET SCENARIOS FACED WITH TWO POTENTIAL DEFICIT NUMBERS THE GOVERNOR IS PREPARED TO TACKLE BOTH

“Californians have a right to know the truth about the problems our state is facing and the steps we would have to take to solve our deficit.” (Gov. Arnold Schwarzenegger, 5/14/09)

The global recession has caused California’s revenues to continue their plummet, leaving our state with a $15.4 billion shortfall that could get worse in a matter of days. If the $5.8 billion in February budget solutions are rejected on the May 19 ballot, our budget deficit will increase to $21.3 billion – forcing unprecedented actions that will affect every Californian.

Today, the Governor is releasing two May Revision proposals because he believes the people deserve to know what steps must be taken to balance our budget in both scenarios. While both will be painful, if Propositions 1A-1F fail, California will be faced… Read More

There are always two challenges with my attempting to opine on complex policy proposals too quickly — the first is that as someone who spends some time looking at policy, but is decidedly NOT a policy expert, it is risky to weigh in to substantively too early. What if I totally misread or don’t understand a key point or proposal? The other challenge is that I also miss the chance to see what other people say first — yikes!

That said, I want to make some broad observations.

I may be the only pundit out there who will say this — but here it goes: I’m excited! While the circumstances of how we got to this point, such as years of overspending and the current economic, recession, are tragic – they say that, "adverse situations create unique opportunities for change."

In all of the years that I have been involved in fighting against the ever-growing size of the state government, and working hard to protect the freedom and liberty of state taxpayers, it has been a losing battle. It is true what they say — is it much easier to increase state spending than it is to reduce it. These proposed,… Read More