
Board of Eq: Sales Tax a Big Loser!
Thanks to Bill Leonard, the truth is known. Increasing taxes is not the solution to increasing government revenue. But then, Ronald Reagan told us that long ago. Not to mention Milton Friedman and a few others…..
From Cap Weekly: Job loss, business impacts seen in proposed sales tax hike
By John Howard (published Tuesday, August 05, 2008)An analysis by the state agency that collects California’s sales taxes suggests that a one-cent increase in the statewide sales tax would bring in hundreds of millions of dollars less than anticipated and cost thousands of jobs.
The report was prepared by Joe Fitz, the chief economist of the state Board of Equalization, at… Read More