This Budget Deal Wins No Beauty Contests
Democrats don’t want to cut any more. Republicans don’t want to tax Californians any more. The great divide is measured in billions. So how do you arrive at a budget that closes this gap, without cuts, and without taxes? Enter the crazy left-wing bean counters who, for their Democrat bosses, can come up with every trick or gimmick.
Get this one — part of the "deal" allegedly is to basically force every California taxpayer to pay their taxes — earlier. How, you ask? Well if you are a salaried employee, while your total tax liability to the state doesn’t change (that would be a tax increase, right?), your employer will now take out the taxes you do owe earlier in the fiscal year. So you’ll pay more state taxes in August – December than you will from January – June. And if you are an individual or a business paying quarterly taxes? Gone will be your quarterly payments, each 25% of your… Read More