Not surprisingly, the California budget deficit has reared its ugly head again. Wait. Didn’t we just pass a balanced budget? If so, how could it become unbalanced so quickly? The answer, in large part, is that the deficit is growing because revenues are falling – just like they always do in a weak economic environment. The tax proposals being considered, however, are exactly what California should not do and here’s why. Imagine, if you will, a cart stuck in the mud and moving very slowly. While people are pushing the cart to get it moving faster, no one would think...