[Texas Eagle]

The payoff comes at the end.

[JRios1968]

Proposition 30 will raise the top state income tax rate to 13.3 percent for millionaires. “That’s not a great way to encourage folks to come here and stay here,” he said.

I think all of those millionaires who demand federal tax hikes should be forced to move to California, so they can have a taste of it at the state level.

[Attention Surplus Disorder]

Hit bottom? There’s a prediction that’s off by a decade, and that’s being generous.

[Huskrrrr]

Whistling in the graveyard.

[PGR88]

However, there could be a budget surplus beginning in 2014.

We could have Ham and Eggs, if we had some ham, and some eggs.

[skeeter]

Expecting the loonies in Sacramento led by Moonbeam & Newsom to control themselves fiscally now that they're completely in charge is like expecting pigs to dine with a knife & fork.

They and they're union controllers have already spent the recent tax increases and are thinking about how to sell the next round to the idiot voters that infest this state.

[SC_Pete]

Proposition 30 also allows urban centers to expand tax boundaies and capture revenue from the burbs. Look out: the looting has just begun. It is such a great idea, look for other states to use it, like New York, Illinois, and Michigan for starters.

Vallejo, Stockton, Fresno and Sacramento need your money. Chicago, New York, Detroit, Philly, Baltimore, and St. Loius will be next.

[Carry_Okie]

Proposition 30 will raise the top state income tax rate to 13.3 percent for millionaires. “That’s not a great way to encourage folks to come here and stay here,” he said.

Given that Newsom himself is a beneficiary of the Getty fortune, I guess he should know... not that he's moving any time soon.

[YHAOS]

"Finally Hit Bottom"?

Ya Think?

Not even close.

[VeniVidiVici]

When will be the first shareholder lawsuit occur against CA companies that are losing money and continue to maintain a HQ in California?

[hattend]

However, there could be a budget surplus beginning in 2014.

Or...there could not be.

[N. Theknow]

A surplus in 2014?!?!?!?

The only surplus in California's budget is a surplus of deficits.