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, Californias 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, Californias $122.8 billion General Fund Budget is in deficit by $1.6 billion. Despite a near bankruptcy during the financial crisis, Californias 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. Browns 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. Browns draft 2017-2018 budget already includes a $524 million increase for the public pension...
(Excerpt) Read more at breitbart.com ...
“”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....
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.
Then more democrats will flee the high taxes in california, move to Texas.... and vote democrat like the brain-washed idiots that they are.
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.
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.
Let Brown hike the taxes. Go ahead. The blow-back will all be on the Dems.
The first step is a correction to the pensions. Then if necessary to avert disaster, a tax increase.
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!
I am sorry you moved to CA. We just left there. The taxes and regulations are insane.
Jerry Brown was elected by Kalifornians - there’s consequences to elections....
Highways? Why just highways? What about local roads? Why not ALL roads? Then we could eliminate the gas tax all together.
Highways? Why just highways? What about local roads? Why not ALL roads? Then we could eliminate the gas tax all together.
The solution is always raise taxes!
I’m sorry you have to put up with this sh!t.
Maybe it will snow in Sacramento for three weeks straight.
5.56mm
A large generation of WWII veteran retirees died off - and were replaced by illegals.
Prescott Valley here I come (in April).
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...
Yep - reelected - they asked for it, they got it...
Just stop all the Free Stuff to Illegals and you’ll have a Surplus
“Of course sometimes people have no choice but to go where they find work.”
They will all go on disability to get around this.
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