Posted on 08/05/2008 3:28:21 PM PDT by SmithL
Senate President Pro Tem Don Perata today welcomed Gov. Arnold Schwarzenegger's proposed 1-cent sales tax hike as "a start," but declared budget negotiations are at an impasse and said he does not expect a quick resolution.
Perata's comments, following a Senate session, were his first since Schwarzenegger proposed the temporary sales tax increase over the weekend in an effort to bridge the state's $15.2 billion deficit and bring an end to the 36-day budget standoff.
"I'm glad the governor has come around to saying publicly what we've known all along - that we have to have taxes in order to correct the problems we're in right now," said Perata, D-Oakland. "So I say it's a start."
Perata said he had not discussed the Republican governor's proposal with his caucus, but said Democrats would prefer increasing taxes on high-income earners.
(Excerpt) Read more at sacbee.com ...
Fish gotta swim, and
Rats gotta tax.
Why don’t Californians just have their paychecks direct deposited into the state’s account?
They are trying this in Maine as well. It isn’t going to succeed.
My question is, what really happens if the government actually shuts down? Will businesses stop? Will people still not move? Will taxes not still be collected (one hopes though right)?
Seriously, if they can’t agree on a budget, and they can’t override a veto, what’s the problem? They can’t spend the tax money, so just shut down the government for a few years, then they’ll have a budget surplus and chances are, no one will really notice.
Deport the 10 million illegals living in CA and there won’t be a Budget problem.
Gee, Don, why not just make it dollar-for-dollar? Buy a $100 item, pay $100 tax on it. You’ll have a big surplus to buy off your favorite unions with in no time. ;)
BOHICA bttt
California could balance their budget if they would stop giving away so much money to criminals [illegal aliens]!
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
What percent of the state GDP does CA take in taxes and all other forms of revenue, and what percent is appropriate?
as long as there are dems willing to tax something, there will always be a budget problem.
! ! ! !
Wow, how did I miss this??
Okay, everybody figured it was only a matter of time before that scumbag Schwarzenegger went full blown rat b@st@4d, but will the Senate Republicans give this proposal any votes?
Well, basically that is correct.
Normal, hard-working, traditional American families wouldn't notice, but the losers and parasites and the rest of the Democrat party "base" would sure notice.
Let’s talk percent of state GDP. Is 20% sufficient, for the state?
OBTW, I would create a ballot initiative for CA, if I lived there, that said, the state can collect no more than 20% of the State GDP in all forms of revenue. ALL forms.
Interest income or investment return earned by CALPERS? That counts.
Federal matching highway or medicare funds? Those count, too.
Parking fees at state venues? Yep, let’s count that.
Local property taxes? Yep.
Cig taxes? Sure, if it is income to state or local government, cap it.
Do that, then let them fight over who pays the tax.
This is a strong strategic move for the Gov.
Now, the ball is in the Dem court. They will ask for ridiculous tax increases with no spending caps or accountability. Unfortunately, jerrymandering means that tax payers will be powerless to do anything about it, however.
Quite a few do. It's called a garnishment.
Schwarzenegger proposes tax increase
Don't worry, it's only temporary.
bump
[1-cent sales tax hike]
That’s right folks, if you spend $100 on something it will only cost you $100.01 with this new tax.
The current state sales tax is 6.25% (excluding local add-ons)--or 6-and-a-quarter cents on every dollar ($0.0625 on every $1.00.) This "one cent" change ups that to 7.25%, or $0.0725 of every $1.00. Your $100 dollar purchase would be $107.25, not $100.01.
[would be $107.25, not $100.01. ]
I know, I was being facetious because that what polticians always say when they want to raise taxes. It’s never presented as one PERCENT, it’s one PENNY.
Ooops! My apologies. I missed that. :-)
I figured some freepers would believe those politicians! LOL
It was my fault, I should learn to add a sarcasm tag to some of my posts. No apology needed.
The distribution of entitlements will be impaired.
Yep--exactly. 6.25% is the state portion, excluding various local add-ons.
This increase will do nothing but encourage out of state online purchases and ultimately be a net loser.
Unfortunately, those that do and don't report it on their income taxes will be guilty of evading taxes. Quoting freeper Myrddin from another thread:
"California has a sales tax and a "use" tax. Anything you purchase on the internet that was not subjected to California sales tax is subject to "use" tax. You get to pay that at the time you pay your income tax to California. If you're evading that tax, don't cry when the auditors show up. "
With California supposed "revenue" problems, the State has a whole staff out there tracking down those who make internet purchases to make sure they collect the tax. Tobacco was a particular target IIRC.
I expect tobacco, Amazon and e-Bay to get particular attention from the tax hungry politicians.
There were several articles a couple years ago about the beefed up enforcement effort by the Board of Equalization
(gotta love that term—”equalizing” what???)
http://www.ftb.ca.gov/aboutFTB/press/archive/2006/boe_070606.shtml
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