Friday, January 13, 2012

California's Governor 'Obama Light' ready to raise taxes again

Since Governor Jerry Brown took office, the state of California's economy has improved little, and in fact, has continued to lose jobs, income, and GDP.

Of course, for a progressive liberal like the 'moonbeam', the answer is not in changing the regulatory state of California, or lower taxes to attract businesses, but his answer is like another well known Progressive in America:  raise taxes on the rich.

Thus, Jerry Brown is simply 'Obama light', and his lack of economic intelligence runs the gambit of every other Keynesian progressive who can't keep his budget within his means.

California has more folks on food stamps than any other state, has added so many benefits and higher rates to Medicaid that we call it "Medi-Cal." Our K-12 schools have more administrators than teachers, and smaller classes but lower test scores and higher dropout rates with twice the per-student budget of 15 years ago. Good job, Brownie.

This week, the once and current Gov. Jerry "Moonbeam" Brown had to confess that the "balanced" state budget adopted five months ago was billions in the red because actual tax revenues were billions lower than the airy-fairy revenue estimates on which the balance was predicated.
Brown's proposal would add 2% for income over $250,000. A million-dollar income would then be taxed at 12.3%. And that's just for the state.

Brown also proposed a one-half-cent sales tax increase, which would bring sales taxes (which vary by county) to 7.75% to 10%. Both tax increases would be on the ballot in 2012. -
Human Events


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