Posted by Michael Der Manouel, Jr. at 12:00 am on Feb 03, 2006 1 Comment
Nobody blogs about it. Nobody talks about it. Yet, if you want
to know the real engine behind California’s economy, you have to
acknowledge its central role. If you see improving financial health
in school districts and other government institutions, its at the
center of the reasons why. The answer is SB 899. This bill, signed
April 14th, 2004, by a Governor with a 72% approval rating, has
unleashed the largest single tax cut in California history. The
author of the legislation, Senator Chuck Poochigian, has put more
money in the pockets of business, and saved government entities
more money than any elected official – ever. The Fresno Unified
School District, facing a takeover by the State due to a $31
million dollar deficit, closed the gap and balanced its books with
the help of this legislation.
What was SB 899? Simply, Workers’ Compensation reform.
Workers’ Compensation is a payroll tax, a mandatory form of
insurance designed to protect workers from industrial and work
related injuries. In California, it became, with the help of
liberal Democrats, public employee unions, and Gray Davis, one of
the most significant job killing… Read More