Skip to comments.California’s.. $170 Billion Dollar Tax Hike..?
Posted on 04/17/2012 4:41:41 PM PDT by cakid1
Californias.. Dueling Multi-Billion Dollar Tax Hikes..
Vote for my tax hike. No vote for my tax hike instead. No, vote for both of the tax hikes.
California residents are starting to get a sample of the ads running for competing muti-billion dollar tax hike plans. Millionaire Molly Munger is now running ads pushing her multi-billion dollar tax hike measure on the November ballot. (If passed the Munger tax would collect $10 billion dollars per year for the next 12 years = $120 billion dollar tax hike)
Meanwhile Governor Jerry Brown is still trying to get his multi billion dollar tax hike on the ballot. (He wants to raise the state sales tax rate for four years and raise the income tax rate for the wealthy for seven years.) Some believe his tax hikes will work out to about $50 billion dollars over seven years.
(Excerpt) Read more at community.cbs47.tv ...
This needs to be done entirely with cuts.
....and the can’t understand why businesses are leaving California in droves. I am truly screwed living here.
I live here too, and they will not stop paying for Government workers or leeches...or illegal aliens...Brown cannot stop spending, he’s a drunk locked in the Jack Daniels’ distillery.
He is a greentard, Union toady and Progressive who has no idea where money comes from and believes in Government.
He is an a$$hole.
But, more importantly, we need a state to go over the socialist cliff. We actually need an example to do this as a warning to everybody else.
Remember that these tax increases put together will equal about 5% of the burden of debt of California’s underfunded public pensions according to Stanford university.
This is an unbearable tax increase that does nothing more than keeping California on just enough dope to prevent going into withdrawal. The state has a 27 billion dollar per year heroin habit that they will never shake off.
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