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Secession fever: Don’t catch it

November 19, 2012 By Steven Greenhut. Nov. 19, 2012 By Steven Greenhut SACRAMENTO -- Psychiatrists talk about the progressive stages of grief people experience after suffering a devastating loss in their personal lives, moving from denial to anger to bargaining (i.e., trying to strike a "deal" with a higher power) to depression and, finally, to acceptance. Political scientists ought to come up with a similar series of "gr...

Prop. 30 retroactive tax violates Constitution

November 18, 2012 By admin. Nov. 18, 2012 By John Seiler One little known aspect of Proposition 30 is that it increases income taxes retroactively for 2012. Approved by 54 percent of California on Nov. 6, the initiative grabs $6 billion a year, mainly by raising income taxes on "millionaires" who make $250,000 or more a year. But $5 billion from "rich" people is going to be due quickly for the 2012 tax year. Th...

Californians give Dems PIN numbers

November 16, 2012 By Steven Greenhut. Nov. 16, 2012 By Steven Greenhut SACRAMENTO -- After the election results came in, I started searching for two things: a stiff drink and a good out-of-state real estate agent. The national election sends troubling signs about the direction of the country, but nothing much will change from the past four years, so we know what to expect, even if it isn't particularly good. But Californ...

Budget rule hides where Prop. 30 and Prop. 39 taxes will be spent

November 16, 2012 By admin. Nov. 16, 2012 By Wayne Lusvardi A little known new accounting rule buried in the fiscal 2012-13 California state budget now will make it virtually impossible for the public to track where and when the tax revenues from Propositions 30 and 39 will be spent. Prop. 30 is Gov. Jerry Brown's $6 billion tax increase. And Prop. 39 is hedge fund manager Thomas Steyer's $1 billion tax increase....
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