
One More Last Chance
Well, it’s down to the last days of this 2 year term, with the session officially ending on Nov 30 at midnight but in all practicality [?] ending before Thanksgiving. The assembly has session scheduled for 3 PM Tuesday and the Senate last I heard was maybe 4 PM. With all the new tax ideas that have been tossed in the last few weeks since this special session was called, there will be much for taxpaying Californians to be thankful for by having this term finally lurch to an end.
We’ve seen ideas for a tax on domestically produced oil, a tax on services never taxed before; an increase in the car registration fee by 12 clams; an increase in the sales tax of 1% in early talks, now up to1.5 %. [The perfect lead life ring for the economy going into the most important retail season of the year] And, when you’re washing down your fiscal sorrows at the local watering hole, a drink tax on top of that.
But the capper that brings it the last few degrees of the full circle is the reinstatement of the Gray Davis car tax back to triple of what it is now…which of course fueled the sputtering recall in June of ’03 to then become… Read More