Republicans can and must barter for votes to raise taxes
This year’s state budget is going to increase taxes. I say that neither as a good or a bad thing, merely as a statement of fact. But the only questions to be answered at this point are which taxes will be raised, by how much, and what Republican legislators will get in return for putting up the necessary votes.
Arnold Schwarzenegger, of course, wants to raise the sales tax, at least for awhile. But GOP legislative leaders have previously indicated a willingness to close tax “loopholes”. All have sworn they will only agree to these concession s in exchange for a cap on state spending and other structural budget reforms that will make it easier for the state to avoid the boom-and-bust cycles that have characterized the last two decades of California’s economic and… Read More