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"We" are over-taxed, regardless of what this apparent one-time 'windfall' is attributed to, imo.
1 posted on 10/13/2005 6:28:55 PM PDT by NormsRevenge
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To: NormsRevenge

Liberals can never figure out why lowering tax rates and cutting back on restrictions actually produces more tax revenue. Ronald Reagan, who they figured was an amiable dunce, did it time after time after time. The liberals still attribute it to dumb luck.


2 posted on 10/13/2005 6:32:40 PM PDT by Vigilanteman (crime would drop like a sprung trapdoor if we brought back good old-fashioned hangings)
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To: NormsRevenge
Beware. Generally AP has no clue about things fiscal.

This article resulted because of vague warning from Califronia's financial sector to an AP editor. The warning was triggered because some politicians are beginning to tout anomalous tax increases as proof that California's economy is on a strong rebound.

3 posted on 10/13/2005 6:40:27 PM PDT by Amerigomag
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To: NormsRevenge

I imagine the legislature will have found new ways to spend it all by next Monday.


4 posted on 10/13/2005 6:56:03 PM PDT by skip_intro
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To: NormsRevenge

Yes, don't just stand there....get busy spending this money...start some programs "for the children"...GET THIS MONEY SPENT NOW!!!


5 posted on 10/13/2005 7:05:41 PM PDT by There You Go Again
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To: NormsRevenge
unanticipated income probably was due to several one-time factors instead of any surge in the overall California economy.

One-time, i.e. non-recurring. All of which goes to inflating revenues that will be the basis for future expenditures under Prop 76. Not good, imo. I believe the tax amnesty program implemented last year has the same effect.

6 posted on 10/14/2005 12:43:46 AM PDT by calcowgirl (CA Special Election: Yes, Yes, Yes, No, No, No, No, No!)
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