“Think Long” Drops $10 Billion Tax Increase Scheme, Masqueraded As “Reform”
I just got a press release from the “Think Long Committee” announcing that they are putting off until 2012 plans to place a measure on the statewide ballot to “broaden” the tax base in California to include taxes on services.
While I think that there is actually some opportunity to bring people together behind the idea of broadening the tax base so that such a big chunk of the state’s tax income doesn’t come from a pretty darned small group of the most wealthy Californians (thus substituting predictability for volatility in the state’s budgeting process) — this committee’s contribution to the process was a proposed ballot measure that purported to be about tax “reform” — but was in a large measure about tax increases. Their draft proposal was not “revenue neutral” — a key component to bring any right-thinkers to the discussion about broadening the tax base — instead the Think Long Committee went with a rather-short sighted proposal to play a shell game that, when over, would have meant a $10 BILLION tax increase. Good Lord.
The think long committee is made up of… Read More