Tag "tax increase"
Back to homepageKnow Your ‘Rich’ Economic History
Katy Grimes: In order to fully comprehend how California residents will be impacted even more by Democrats in the near future, we need to look at the economic condition of the entire country, and put our economic history into context. Under the
Read MoreCA Running Massive Cash Deficit
JAN. 12, 2012 By CHRISS STREET The California state government’s general fund is running a staggering cash deficit of $21 billion on an $88.5 billion budget. The number comes from Controller John Chaing just-released financial statement for December 2011. The
Read More‘Inflation Tax’ Already Striking CA
JAN. 9, 2011 By JOHN SEILER Californians won’t have to wait for tax increases, such as the several that could be put before voters in the November election. One proposal is Gov. Jerry Brown’s $7 billion tax increase. Tax increases
Read MoreBrown Budget Backs Tax Increases
JAN. 5, 2012 By JOHN SEILER Gov. Jerry Brown today released a budget proposal that reaffirmed his fealty to the public-employee unions. It’s for fiscal year 2012-13, which begins on July 1, 2012. The budget would rise to $92.5 billion
Read MoreSacramento’s Delusions of Grandeur
Sacramento officials are still actively pursuing building a downtown sports arena and entertainment facility. Despite climbing unemployment in the region, escalating business closures, widespread home foreclosures and declining tax revenue, arena talks are in full swing. City officials have cut
Read MoreNew Rules For Amazon Tax
Katy Grimes: After biting debate today on the new Internet tax, the Board of Equalization decided that some rules of play were needed. The controversial internet tax, the recent law passed which imposes “use” taxes on out-of-state retailers and small affiliate businesses, already
Read MoreAmazon Rallies Affiliates to Fight Tax
JULY 12, 2011 By JOHN SEILER Amazon.com didn’t waste time in working to repeal the so-called “Amazon” tax. The tax was passed last month by the Democratic-controlled Legislature and signed into law by Democratic Gov. Jerry Brown. The tax is
Read MoreCalderon Pushing Hinky 'Gut-Amend' Bill
JULY 11, 2011 By KATY GRIMES A bill just signed into law by Gov. Jerry Brown is apparently being reincarnated — but for what purpose is known only to the bill’s author and perhaps Democratic Party leadership. AB 155, by
Read MoreBeating A Dead Bill
Katy Grimes: Last week, Gov. Jerry Brown signed into law the Amazon tax bill, AB 1X 28, which charges a use tax on purchases from out-of-state Internet sellers. But yesterday one of the Amazon tax bills was on the agenda in
Read MoreBudget Assumptions Don't Hold Up
JULY 7, 2011 By JOHN SEILER Not even a week old, the California budget Gov. Jerry Brown signed already is out of balance. “They did not cut as much as they needed to, and they pushed up revenue estimates,” Esmael
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