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Posted on 03/02/2003 4:03:19 PM PST by NormsRevenge
Edited on 04/13/2004 3:30:32 AM PDT by Jim Robinson. [history]
With the state budget hemorrhaging red ink, Gov. Gray Davis in January floated a controversial plan to raise taxes by more than $8 billion to help balance the books.
But while Davis' plan would raise heaps of cash, it fails to address many of the weaknesses in California's tax structure that helped trigger fiscal disaster in the first place.
(Excerpt) Read more at bayarea.com ...
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