CA$h-strapped state starts eyeing business tax breaks

Sac Bee ^ | 2/9/03 | Aurelio Rojas

[NormsRevenge]

California chicken farmers do not pay state sales taxes for products they use as litter and resell as fertilizer.

Fuel sold to commercial airlines with destinations outside the United States also is exempt from the state sales and use tax.

[NormsRevenge]

Dem's da breaks de$e days for bidnesses in Californistan.

The lord giveth ... and the demRats rip it out of your wallet.

[NormsRevenge]

But a study by the California Budget Project, an advocacy group for low-and middle-income residents, puts the amount at more than $7.8 billion annually -- a number attracting considerable attention in the cash-strapped Legislature. .. (No kidding!!)

[NormsRevenge]

Ping

Morning, Ernest.

[Mad_Tom_Rackham]

[Faced with a record budget shortfall of at least $26 billion fanned by a dramatic growth in spending, Democratic lawmakers are taking a closer look at the revenue side of the state's ledger.]

Never occured to them to look at the spending side of the ledger. This mess is going to go down in the history books as a case study in how to ruin a vibrant economy. Brought to you by the Democrat Party.

[NormsRevenge]

http://www.recallgraydavis.com

[NormsRevenge]

Heads Up.. San Francisco next week-end!! Bay Area FReepers .. Lurkers .. FReePloaders .. NASCAR Fans!! Veterans ..

[John Jorsett]

Under his proposed budget, every break currently authorized would sunset and be extended for five years only after its effectiveness has been determined.

How about we sunset every tax and reaaffirm it every 5 years? That'd be entertaining.

[SierraWasp]

"The program exempts from state taxes the sale of products used as litter in poultry and egg production that are ultimately resold as fertilizer."

Sounds pretty chicken shift to me!!!

STOP THE SPENDING & THE BORROWING STUPID!!!

Simply revert to the 1999 budget and live within our means... NOT OUR GRANDCHILDREN'S!!!

[Ernest_at_the_Beach]

Thanks Norm.
Just getting around slowly this morning!

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[Libertarianize the GOP]

When I read the Headline I was hoping that maybe, the government was considering giving businesses a tax break.

[mvpel]

You should see the list of tax exemptions that Hollywood gets - it's as long as your arm.

[Clinging Bitterly]

>> Never occured to them to look at the spending side of the ledger.

Nah. And the same crapo is still going on in Oregon - it and CA seem to be in lock step on every idea that comes up (indeed, they both have the same budget problems - spending doubling over the Clinton years, and over generous retirement payments coming due). Yesterday's paper had the Corp. tax break trial baloon. I guess it's a pretty fair chunk of money, but increasing corporate taxes is equal to taxing consumers, who actually pay 100% of corporate taxes, as it has been ordained per economy 101. That's why corporations want tax breaks - to remain cometitive. There's no fat cat putting the tax break in his pocket - any product or service that's not a monopoly is priced by the market, and a company that is taxed to the point it can't sell it's product at market and make a profit (it's only reason to exist), will either go out of business or relocate to where taxes are lower. And wherever the corporations go, so go the jobs, and the taxes paid by the consumers who held those jobs. Econ 101 again.

Neither Oregon nor California are going to tax their budget problems away.

Red Davey Rackham (in Eugene)