CA taxes have DROPPED $6 billion
by John Seiler | July 24, 2014 2:00 pm
Let me elaborate on something I mentioned in a blog yesterday[1]: 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[2] expired and was replaced in 2012 by Gov. Jerry Brown’s $7 billion tax increase of Proposition 30[3].
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[4] tax cut passed in 1978, Brown dropped his opposition, embraced it, and called himself a “born again tax cutter[5].”
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.
- a blog yesterday: http://calwatchdog.com/2014/07/23/tax-increases-boost-jobs/
- $13 billion tax increase of 2009: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aLQN_7PifIug
- Proposition 30: http://ballotpedia.org/California_Proposition_30,_Sales_and_Income_Tax_Increase_(2012)
- Proposition 13: http://ballotpedia.org/California_Proposition_13_(1978)
- born again tax cutter: http://articles.latimes.com/2012/mar/15/local/la-me-cap-brown-20120315
Source URL: https://calwatchdog.com/2014/07/24/ca-taxes-have-dropped-6-billion/