Posted on 11/18/2008 7:53:19 PM PST by St. Louis Conservative
Gov. Arnold Schwarzenegger's tax package, the largest in California in nearly two decades, would affect everyone who buys goods, drives automobiles, plays golf, attends commercial sporting events or has a drink at the local watering hole.
The governor has called his plan - billions of dollars in spending cuts along with $4.7 billion in new taxes during the current fiscal year and an additional $9.5 billion in taxes next year - a drastic measure that's desperately needed to address an estimated $24 billion revenue shortfall over the next two years.
While most experts agree that raising taxes in a struggling economy is a difficult proposition, many lawmakers and legislative aides who will continue meetings this week in a special budget session at the state Capitol say the state's fiscal crisis is so dire that California needs to figure out new revenue sources quickly, even if that means new taxes.
But those who would feel the impact of Schwarzenegger's tax proposals, including operators of golf courses, bar owners and auto mechanics, say the proposed levies would devastate their already struggling businesses.
(Excerpt) Read more at sfgate.com ...
It is not a zero-sum game. The pie will actually shrink. Government will actually take in less revenue with higher taxes (see how the NYC tobacco tax increase actually lead to less tax revenue).
The only thing this will help is the black market...
That’s racist.
/s
blacks will suffer the most under a poor economy
see how the NYC tobacco tax increase actually lead to less tax revenue
well bloomberg wanted to eliminate smoking. the anti-smoking ads are verrrry effective.
People are still smoking just as much in NYC - they just get their cigarettes...elsewhere.
spending cuts are usually of the wrong kind such as fewer cops and firefighters.
If bloomberg followed the policy prescriptions of reason.org (more privatizations) then he would deserve a break from term limits. But even a monkey can raise taxes and fire cops.
I remember his words when he ran for governor...”I vill bring bidness bach to Caleefornya”.
Nice try Ahnold.
Any raise in taxes should be accompanied by a reduction in California government pay for all involved.
Raising taxes on vet care ... which means that it will cost people nearly 10 percent MORE to properly care for their pets. Sheesh. Let them tax something ELSE!!!!!
He soon found out that the public employee unions run that state, and demand huge salaries for everyone, including lavish gold-plated benefit packages and generous pensions.
The city of Vallejo, CA had to declare bankruptcy because they were paying police officers and firemen $150,000 to $200,000/yr plus full benefits and pensions.
"I am in principle against taxing because I feel that the people of California have been punished enough. From the time they get up in the morning and flush the toilet, they're taxed. Then they go and get a coffee, they're taxed. They get into their car, they're taxed. They go to the gas station, they're taxed. They go for lunch, they're taxed. And this goes on all day long, tax, tax, tax, tax, tax! So even when they go to bed, you can really go to bed in fear that you may get taxed while you are sleeping, that there is a sleeping tax. This is crazy! This is what this state does and this is why so many businesses have left."Arnold Schwarzenegger, August 2003
Great script writer, nothing more.
Sunday, May 25, 2008
California’s payroll soars under Schwarzenegger: Six-figure earners more than double
The San Francisco Chronicle reports:
The state of California’s payroll is skyrocketing, even as its budget deficit has grown to billions of dollars in recent months.
In Gov. Arnold Schwarzenegger’s first four years, the total bill for state workers’ salaries jumped by 37 percent, compared with a 5 percent increase in the preceding four years under then-Gov. Gray Davis, a Chronicle analysis of state payroll records shows.
One month before Schwarzenegger took office in November 2003, just eight state employees earned more than $200,000 a year working in the core state government, which excludes universities and the Legislature. In April of this year, there were nearly a thousand, according to records.
And the number of state employees making six-figure salaries has more than doubled since 2003, to nearly 15,000. Meanwhile, the number of state workers has grown by 26,000 under Schwarzenegger after being cut by Davis, who was recalled from office in the midst of a severe budget crisis.
bump
Last straw for some good friends of ours, they are going to move their business either to Nevada or Arizona, are also talking to the State of Mississippo who is actively recruiting California businesses to move there... BIG screw ups by Arnie who promised when he ran the first time he was going to fix what was wrong and encouraged businesses who were moving at the time to stay.
Oh, Nappie has declared tax cuts don’t work and AZ needs to raise taxes, too. /s
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