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Jerry Brown Wants 42% Gas Tax Hike to Bail Out CalPERS
Breitbart ^ | January 15, 2017 | by CHRISS W. STREET

Posted on 01/15/2017 9:58:11 AM PST by Jim Robinson

Despite tax collection increasing by 50 percent in the last 9 years, California’s public pension insolvency is forcing Gov. Jerry Brown to propose a dangerously unpopular 42 percent increase in gasoline taxes and a 141 percent increase in vehicle registration fees. Breitbart News reported on January 9 that Gov. Brown announced that for the first time since 2012, California’s $122.8 billion General Fund Budget is in deficit by $1.6 billion. Despite a near bankruptcy during the financial crisis, California’s tax revenues have increased by about $43 billion in the last 9 years. Brown on Monday only suggested relatively painless spending reductions to close the budget gap. He was very careful to not suggest highly controversial increases in gasoline tax or vehicle fees.

Democrat governors have been regularly spiking gas taxes and vehicle registration fees for decades. But 12 years ago, Democrat Gov. Gray Davis was recalled by voters after he pushed the state legislature to pass a vehicle registration fee increase from $46 to $158.

The legislature cancelled the increase and Democrats have avoided gas and vehicle increases since. When the Assembly tried to revive a gasoline tax last year, the issue was dropped after polls showed 63 percent voter opposed any increase.

Republican governor Arnold Schwarzenegger destroyed his popularity by pushing through the Proposition 1-A high-speed rail initiative in 2008 that added about 11 cents a gallon to the price of gasoline — for a project now referred to by Bloomberg News as a “fiasco.”

Gov. Brown’s willingness to try raising gasoline taxes by 17 cents a gallon, and on vehicle registration fees by $65, is a sign of the insolvency risk from the exploding cost of California Public Employees’ Retirement System (CalPERS) public pensions. Brown’s draft 2017-2018 budget already includes a $524 million increase for the public pension...

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


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections; US: California
KEYWORDS: bigspenders; calpers; democrats; gastaxes; killinggoldenstate; taxes; taxifornia
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To: Jim Robinson

“”Brown on Monday only suggested relatively painless spending reductions to close the budget gap. He was very careful to not suggest highly controversial increases in gasoline tax or vehicle fees.””

I don’t get it - contradicts the headline....


41 posted on 01/15/2017 10:25:58 AM PST by Thank You Rush
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To: EagleUSA

Liberals are simply selfish assholes who care nothing about others. But I repeat myself. The whole state needs to collapse, in fact, the whole state WILL collapse. The model CANNOT work! Nothing against all the red voters and good places in CA, but there is no other way. No secession, no division into smaller “states”, so it must collapse to start over and get better. It’s like have a huge bowl movement to rid oneself of the putrid democrats. I believe the red voters are beyond hope of ever regaining power there. Far too many liberal and illegal alien parasites.


42 posted on 01/15/2017 10:26:03 AM PST by SgtHooper (If you remember the 60's, YOU WEREN'T THERE!)
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To: Jim Robinson

Then more democrats will flee the high taxes in california, move to Texas.... and vote democrat like the brain-washed idiots that they are.


43 posted on 01/15/2017 10:26:21 AM PST by GregoTX
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To: Jim Robinson

While preparing my 2016 California income tax return yesterday I studied the California income tax tables. An individual with no children and wages of $50,000 and using the California standard deduction has a marginal California income tax rate of 8%. I guess that will have to go up too.


44 posted on 01/15/2017 10:28:20 AM PST by forgotten man
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To: Nifster
Nah because the left out numbers you

Yes, but there are republicans in the state, and they shouldn't give up. It took several elections for the republicans to take the south. We can do that by being the party that proposes reasonable solutions to problems. With Trump's immigration policies, even with the California state opposing, there will be changes in the political landscape.

45 posted on 01/15/2017 10:29:05 AM PST by Vince Ferrer
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To: Jim Robinson

Let Brown hike the taxes. Go ahead. The blow-back will all be on the Dems.


46 posted on 01/15/2017 10:30:39 AM PST by austinaero
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To: Jim Robinson

The first step is a correction to the pensions. Then if necessary to avert disaster, a tax increase.


47 posted on 01/15/2017 10:30:43 AM PST by gunsequalfreedom
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To: GreyFriar

Better yet, just make all of CA a national park where all roads are closed(except to the rulers of the bourgeousie). Even retired gummint worker bees will be forced to emigrate out. Problem solved!


48 posted on 01/15/2017 10:30:59 AM PST by The Westerner ("“The Marine Corps: When It Absolutely, Positively Has To Be Destroyed Overnight”)
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To: Vince Ferrer

I am sorry you moved to CA. We just left there. The taxes and regulations are insane.


49 posted on 01/15/2017 10:31:43 AM PST by pugmama (Ports Moon.)
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To: Jim Robinson

Jerry Brown was elected by Kalifornians - there’s consequences to elections....


50 posted on 01/15/2017 10:32:55 AM PST by trebb (Where in the the hell has my country gone?)
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To: vooch

Highways? Why just highways? What about local roads? Why not ALL roads? Then we could eliminate the gas tax all together.


51 posted on 01/15/2017 10:33:12 AM PST by bigdaddy45
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To: vooch

Highways? Why just highways? What about local roads? Why not ALL roads? Then we could eliminate the gas tax all together.


52 posted on 01/15/2017 10:33:14 AM PST by bigdaddy45
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To: Jim Robinson
The solution is never reduce spending.

The solution is always raise taxes!

53 posted on 01/15/2017 10:33:55 AM PST by null and void (Roses are red, soylent is green. Get to the shelter, it's 2017)
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To: Jim Robinson

I’m sorry you have to put up with this sh!t.

Maybe it will snow in Sacramento for three weeks straight.

5.56mm


54 posted on 01/15/2017 10:34:19 AM PST by M Kehoe
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To: xzins
It blows my mind that Reagan’s California became this wacko leadership paradise so fast.

A large generation of WWII veteran retirees died off - and were replaced by illegals.

55 posted on 01/15/2017 10:38:02 AM PST by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: Jim Robinson

Prescott Valley here I come (in April).


56 posted on 01/15/2017 10:38:10 AM PST by chrisinoc
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To: trebb
Jerry Brown was elected by Kalifornians - there’s consequences to elections....

REelected.

His terms in the 70's and 80's were disastrous.

But he's a darling of the left, and they 'rehabilitated' him and got him elected yet again.

A triumph of hope over experience...

57 posted on 01/15/2017 10:39:36 AM PST by null and void (Roses are red, soylent is green. Get to the shelter, it's 2017)
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To: null and void

Yep - reelected - they asked for it, they got it...


58 posted on 01/15/2017 10:41:16 AM PST by trebb (Where in the the hell has my country gone?)
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To: Jim Robinson

Just stop all the Free Stuff to Illegals and you’ll have a Surplus


59 posted on 01/15/2017 10:42:46 AM PST by butlerweave
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To: eyedigress

“Of course sometimes people have no choice but to go where they find work.”

They will all go on disability to get around this.


60 posted on 01/15/2017 10:44:13 AM PST by EQAndyBuzz (CNN - The Chicken Noodle Network)
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