
A Balanced Approach?
Here’s an excerpt from my latest op-ed as published in the Fresno Bee: It may seem like a distant memory, but merely two years ago, a different governor and Legislature tried taxing their way out of a similar budget mess. Since then California has lost more than half a million jobs and our state’s unemployment rate has grown by 20%.
We clearly don’t need an empirical study to tell us that tax hikes don’t create jobs.
Even so, Gov. Brown is proposing to extend these very same tax increases for five more years. If approved, Californians will pay $45 billion more in income taxes, sales taxes, and vehicle taxes.
On top of this, the governor is proposing to eliminate a number of tax incentives that currently encourage businesses to create and retain jobs in our state.
Under his proposals, private sector employers, including… Read More