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Big win for Brown with passage of Prop. 30
SF Gate ^ | November 7,2012 | Wyatt Buchanan

Posted on 11/07/2012 7:37:04 AM PST by Hojczyk

California will avoid deep spending cuts to public schools and universities, and be able to to pull out of the fiscal swamp without slashing other services further, after voters handed Gov. Jerry Brown's signature tax measure a decisive victory Tuesday.

Proposition 30 had a clear lead Wednesday morning, with 95 percent of precincts around the state counted.

Voters handily rejected a rival measure, Proposition 38.

Brown's tax measure has been his central focus since his election two years ago and will have major implications for the state's finances. If it had been defeated, nearly $6 billion in automatic spending cuts, falling almost entirely on public schools, would have been automatically enacted under the budget approved by lawmakers earlier this year.

Prop. 30 will raise the sales tax by one penny for every $4 spent for four years, while increasing the income tax on the state's highest earners for seven years. It would generate about $6 billion per year. The sales tax hike will go into effect Jan. 1, while the personal income tax increase is retroactive to the beginning of this year.

(Excerpt) Read more at sfgate.com ...


TOPICS: Business/Economy; Crime/Corruption; Culture/Society; Government; News/Current Events; Politics/Elections; US: California
KEYWORDS: moonbeam; prop30; prop38; taxes

1 posted on 11/07/2012 7:37:05 AM PST by Hojczyk
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To: Hojczyk

damn!


2 posted on 11/07/2012 7:43:16 AM PST by latina4dubya ( self-proclaimed tequila snob)
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To: Hojczyk

“California will avoid deep spending cuts to public schools and universities, and be able to to pull out of the fiscal swamp without slashing other services further”

Thanks for the laugh.


3 posted on 11/07/2012 7:44:42 AM PST by ScottfromNJ
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To: Hojczyk

All the rich liberals and their uber-expensive houses. Heh.


4 posted on 11/07/2012 7:45:36 AM PST by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: Hojczyk

all to shore up Union pensions..

the Unions own this state..

I no longer fear the future... I now see how this is going to turn out. It won’t be pretty.

The Unions own Ohio, Michigan, Pennsylvania California, New York Nevada, etc.

I’m done. It will take a complete collapse of this country to right the direction. that collapse is coming.


5 posted on 11/07/2012 7:46:42 AM PST by Chuzzlewit
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To: Hojczyk

We have dummies in this country.

And we have a liberal Republican establishment that forces on us a liberal candidate every four years, with predictable results.

I’d like Mike Pence to run for President in 2016. But I don’t think the liberal Republican establishment wants to genuinely win.

Good luck with that. “Dude, where’s my country?”


6 posted on 11/07/2012 7:46:42 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: latina4dubya

Better them than us. I was worried about a federal bailout.


7 posted on 11/07/2012 7:48:58 AM PST by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: Hojczyk

I think Kalifornia should tax all income over the poverty limit at 100%, all corporate fringe benefits eliminated by law, and tax all wealth which exceeds 2x the annual poverty limit at 100%. That should get the Kalifornia gov’t on an even keel, level the playing field, and get their economy moving!


8 posted on 11/07/2012 7:50:22 AM PST by rigelkentaurus
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To: Hojczyk
Prop. 30 will raise the sales tax by one penny for every $4 spent for four years, while increasing the income tax on the state's highest earners for seven years. It would generate about $6 billion per year. The sales tax hike will go into effect Jan. 1, while the personal income tax increase is retroactive to the beginning of this year.

You mean like Pennsylvania's "temporary" Johnstown Flood Tax (passed in 1936)?


9 posted on 11/07/2012 7:52:32 AM PST by Buckeye McFrog
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To: Hojczyk
It would generate about $6 billion per year.

We'll see. Watch out Texas the next wave of Fruit and Nut refugees are on their way.

10 posted on 11/07/2012 7:52:46 AM PST by Timocrat (Ingnorantia non excusat)
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To: AppyPappy

Keep worrying. Prop 30 and 39 combined will not cover the State’s budget deficit.


11 posted on 11/07/2012 7:56:21 AM PST by SoCal Pubbie
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To: Hojczyk

Great. Now more liberal californians will move out. That’s all we need, more damn liberals. Why can’t they stay in their workers paradise?


12 posted on 11/07/2012 8:01:24 AM PST by ABQHispConservative
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To: Hojczyk

So there is a tax on the rich for seven years, retroactive to the beginning of this year. Why not make it retroactive to seven years and then no need to carry it “forward”? I don’t understand how a law can be made retroactive.


13 posted on 11/07/2012 8:02:16 AM PST by Anima Mundi (ENVY IS JUST PASSIVE, LAZY GREED)
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To: SoCal Pubbie

True but it will help. California’s answer to their deficit was always “somebody besides us needs to pay this”. The Democrats are firmly in charge of California and they won’t even pass a tax increase because they can’t figure out a way to blame Republicans for it


14 posted on 11/07/2012 8:02:52 AM PST by AppyPappy (If you really want to annoy someone, point out something obvious that they are trying hard to ignore)
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To: AppyPappy

No it won’t. The revenues from these measures will be less than expected, and the economy’s going to slow anyway, causing lower revenues overall. Plus Sacramento will spend more. I wouldn’t be surprised to see a huge earthquake hit us too, adding billions more in spending to recover.


15 posted on 11/07/2012 8:08:54 AM PST by SoCal Pubbie
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To: latina4dubya

Take a picture of California, America. This is where you are heading. Preview of things to come.


16 posted on 11/07/2012 8:12:49 AM PST by nicksaunt
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To: Hojczyk

During Obama’s pathetic first term with property values collapsing, I acquired some out of California properties and now fully document the days spent in each state.


17 posted on 11/07/2012 8:13:36 AM PST by CreviceTool ( Obama is standing above the country above - above the world, he is sort of a God = Evan Thomas)
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To: ABQHispConservative

“Great. Now more liberal californians will move out”

3.75 million Californians voted for Romney, we aren’t all Fruit and Nuts.


18 posted on 11/07/2012 8:42:32 AM PST by DAC21
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To: latina4dubya
we'll see how disingenuous the hollowood people are now...how many will have homes in in income tax states but keep their little mansions in Cali?....

fwiw....I could care less if people vote to tax themselves....let them have it....

19 posted on 11/07/2012 8:47:21 AM PST by cherry
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To: Hojczyk
It would generate about $6 billion per year

That'll be the day...

20 posted on 11/07/2012 8:49:02 AM PST by TheDon (In 2012, American voters chose European style big gov't.)
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To: goldstategop
conservatives loss pretty big...Mia Love and Allen West...unless you can show us your great big donation receipt to both of them, perhaps you should just quit while you're ahead...

people who dumped on Romney during the campaign like yourself and others are part of the reason bammey won...

you should be so proud of yourself...

21 posted on 11/07/2012 8:49:43 AM PST by cherry
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To: Hojczyk

I didn’t think CA would dive off that cliff with gusto. It’s way to easy to blame the voters. it’s their government.


22 posted on 11/07/2012 8:52:40 AM PST by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: cherry

Romney was a liberal - a liberal is not going to win elections in this country.

The Democrats can always play the “gimme more” game better than Republicans do. And I don’t regret not voting for him.


23 posted on 11/07/2012 8:59:08 AM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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To: All
San Diego News: Obama won the county.

Bob Filner, the elderly retiring Dem congressman, the registered socialist son of a Communist Party USA activist won the mayor's race against the controversial gay Republican reformer councilman Carl DeMaio.

It looks like Brian Bilbray was redistricted out of congress. He's show as losing by fewer than 700 votes. As a San Diego native, "Congressman Scott Peters" is as terrorizing as "Mayor Bob Filner."

I think we can stick a fork in the (former) Republican city of San Diego. We've crossed the tipping point; the unions have captured it for the Democrats.

24 posted on 11/07/2012 9:25:15 AM PST by newzjunkey
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To: goldstategop

Sorry but being MORE conservative would not have moved the mountain stacked against conservatism. Too you maybe but not the entire nation. It no doubt has shifted left with the new demographics coming in and some of the old one standing behind things like abortion, gay marriage and pot. The social issues are becoming an albatross. Single issue voters imho are swinging elections now...


25 posted on 11/07/2012 9:26:05 AM PST by Republic Rocker
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To: nicksaunt
Take a picture of California, America. This is where you are heading. Preview of things to come.

As a CA native, that's exactly what the results of Nov. 6, 2012, told me.

It's often been said, "so goes CA, so goes the nation." GOP have their LAST warning on the immigration problem. As WRONG, as IMMORAL as Bush "amnesty" is, our halting his attempts may be the national equivalent of Prop 187 which set ablaze the GOP brand in CA.

26 posted on 11/07/2012 9:30:27 AM PST by newzjunkey
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To: goldstategop
Romney was a liberal - a liberal is not going to win elections in this country.

Romney ran a strong campaign on traditional American values.

There's no logic to your claim that a "liberal" Republican can't win vs a Democrat while a conservative can. Either voters want "liberal" policies or they want "conservative" policies.

We've heard the same poppycock about CA yet Tom McClintock never won statewide. But that was never his fault, it was always the voters. Please. Find some consistency rather than continue this destructive path of cognitive dissonance.

27 posted on 11/07/2012 9:35:46 AM PST by newzjunkey
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To: newzjunkey

People were simply voting for free stuff last night, be it ObamaPhone, EBT, EITC....


28 posted on 11/07/2012 9:41:57 AM PST by kevao (Hey, Obama: The 1930s called, they want their economic policy back.)
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