Posted on 06/10/2011 2:25:15 PM PDT by 92nina
Next time your elected officials try to tell you that a tax increase will be temporary, dont buy it. In California, Gov. Jerry Brown has made extending that largest state tax increase in U.S. history his top legilsative priority. The higher rates on sales, cars, and income, sold as temporary and signed into law by then Gov. Schwarzenegger in 2009, are scheduled to expire at the end of this month (the higher rate on income actually expired in January). Gov. Brown is pressing lawmakers to put a five year extension on the ballot. With Browns budget calling for a 27% increase in spending in just the next three years, dont think for a second that Brown and legislative Democrats have any designs on letting those tax hikes expire in five years. In fact, California Democrats ultimate plan is to do away with the two-thirds majority requirement to raise or refer taxes to the ballot, at which time the tax floodgates will open in the Golden State. North Carolina Gov. Beverly Perdue, arguably one of the most economically illiterate governors in the nation, imposed a sales tax increase two years ago under the auspices that it would be temporary. Going back on her word, the budget proposed by Perdue this year relies on an extension of that sales tax hike...
Read more: http://www.atr.org/one-louisiana-republicans-california-gov-jerry-a6233#ixzz1OuT237oe
(Excerpt) Read more at atr.org ...
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