CA taxes have DROPPED $6 billion

CA taxes have DROPPED $6 billion

Taxifornia1Let me elaborate on something I mentioned in a blog yesterday: California taxes have dropped $6 billion in the last two years. That’s because Gov. Arnold Schwarzenegger’s record, $13 billion tax increase of 2009 expired and was replaced in 2012 by Gov. Jerry Brown’s $7 billion tax increase of Proposition 30.

Net: a $6 billion tax cut.

More, Brown has come out against further tax increases. This obviously impacts his 2012 re-election bid. But it also could help him in a 2016 presidential bid.

It’s also worth remembering that, after the Proposition 13 tax cut passed in 1978, Brown dropped his opposition, embraced it, and called himself a “born again tax cutter.”

What this means for California taxpayers is a respite from the unpredictable, high-tax tenure of Republican Schwarzenegger to a more predictable, actually lower-tax environment of Democrat Brown.

Despite the state’s generally anti-business climate, there obviously are 38 million reasons we keep living here. Paying lower taxes sure doesn’t hurt the reasons for staying.

5 comments

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  1. TS The Mind
    TS The Mind 24 July, 2014, 15:49

    That’s right Johnny! Taxes are down and the Calpers fund is up up up!

    Yipeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

    Reply this comment
  2. Ulyssess Uhaul
    Ulyssess Uhaul 24 July, 2014, 19:36

    Who would have known!

    Outside the SF cesspool, the corrupt,overpriced San Diego and the Somalia-esque Los Angeles California is darn good.

    By the way, must go to a wedding in San Diego….the lodging establishment charges $14.00 per night for onsite parking and $7.00 per night “resort fee”. There are not enough parking spots and the property is hardly a resort.

    San Diego never ceases to amaze….

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  3. californianative
    californianative 25 July, 2014, 17:54

    Uhaul,
    sounds pretty cheap to me. Good thing the wedding was not in San Francisco. Ouch if you think $21/day is bad.

    Reply this comment
  4. SeeSaw
    SeeSaw 25 July, 2014, 19:02

    We stayed at a hotel in Westwood while we were there for my grandson’s graduation from UCLA–valet parking only, was $37 night–but what service! He shuttled us practically up to the door of Pauley Pavilion and then sent somebody to pick us up when we were walking back.

    The citizens of CA should not have been so stingy when Brown asked them to consider an extension of the Governator’s taxes–we were all used to it and Prop. 30 would not have subsequently been necessary.

    Reply this comment
  5. Ulysses Uhaul
    Ulysses Uhaul 25 July, 2014, 20:42

    Doomers accept poor service and high prices, but shun taxes and bonafide charity.

    Ulysses and Queeg work very hard for our renumeration….wasting money “for nonexistent services” is a joke. San Diego is a tourist rip off rivaling a 1910 Carnival in Decatur.

    Reply this comment

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