Posts Tagged ‘Prop. 30’

How will Brown budget proposal address pensions, taxes, debt?

Monday, January 6th, 2014

California's budget battles will begin on Friday when Gov. Jerry Brown releases his proposal for fiscal year 2014-15, which begins on July 1. The media and political buzz in the Capitol building is that the state has a surplus -- and maybe voters even are ready for higher taxes. "We now fin...

Rich sheltering dough in South Dakota

Monday, December 30th, 2013
South Dakota flag

When Proposition 30 was being pitched in the fall of 2012, Gov. Jerry Brown and others pooh-poohed the idea that rich folks would find ways to avoid its $7 billion in new taxes. Because the national and state economies have been growing, and the Prop. 30 money has been flowing in, it seems as if Bro...

Now Bill Lockyer thinks tax cuts create jobs

Sunday, December 22nd, 2013
Tesla Model S wikimedia

When opponents of Proposition 30 said it would kill jobs, Treasurer Bill Lockyer backed it anyway: "I worry a little bit about fairness, although when you look at the income distributions in the last 20 years and see that essentially 80 percent of the people in California have either stagnated or f...

Who pays for LAUSD’s broken or stolen iPads?

Thursday, September 26th, 2013
the Net movie poster

I've written a couple of things on the Los Angeles Unified School District's gift of iPads to its students. In July, I predicted the kids would "jailbreak" the iPads. They did. Remember, these iPads are costing taxpayers $1 billion. That's 1/7th what the Proposition 30 tax increase is bringing in...

Californians fleeing to Nevada

Wednesday, September 4th, 2013
Nevada sign, flickr

Taxes have consequences. That's something tax increasers don't understand. Remember how Gov. Jerry Brown and others campaigned last year for Prop. 30, saying millionaires had to "pay their fair share" (even though "millionaire" was defined, in California math, as someone making $250,000 a year)? But...

Will California become Detroit on the Pacific?

Monday, August 26th, 2013

Editor's Note: CalWatchdog.com has been following Detroit's economic situation for several years, and in light of its recent filing for Chapter 9 bankruptcy, we are re-releasing a series of articles detailing the city's challenges. This piece was originally posted on CalWatchdog, February 18, 2013....

Lakers fans may soon appreciate Phil Mickelson’s CA tax gripes

Tuesday, July 2nd, 2013

July 2, 2013 By Chris Reed In January, when Rancho Santa Fe pro golfer Phil Mickelson griped about the Prop. 30-mandated increase in state income taxes to 13.3 percent on California's highest earners, he was widely pilloried as a heartless rich dude who had freaked out over a small increase in...

Taxes on the rich DROP after Prop. 30 tax increase

Friday, June 14th, 2013

June 14, 2013 By John Seiler Call me Nostradamus. I have predicted numerous times on CalWatchDog.com that the Propsition 30 tax increase, combined with President Obama's national tax increases, would drop tax collections from the rich. That has happened. Board of Equalization Member George Runner...

Six bills would make it easier to pass tax increases

Friday, May 17th, 2013

MAY 17, 2013 By Katy Grimes SACRAMENTO -- The Senate Governance and Finance Committee on Wednesday passed six constitutional amendments to make it easier for local voters to pass various tax increases on property owners. "California didn't knowingly vote for centralized power," said Sen. Lois W...

Gov. Brown’s May budget revision still kicks the can

Tuesday, May 14th, 2013

May 14, 2013 By John Seiler Gov. Jerry Brown's May Revision to his January budget certainly was a happier occasion than for any budget in a decade. Thanks to money pouring in from the tax increases, especially $7 billion from Proposition 30, he's projecting balanced budgets well into the future. ...