California: Temporarily raise taxes, economists say

The San Jose Mercury News ^ | Fri, Feb. 07, 2003 | Jennifer Coleman Associated Press

[Ernest_at_the_Beach]

SACRAMENTO - California's budget deficit is too large to be closed with spending cuts alone, and lawmakers should consider a temporary tax increase, 14 economists said in a letter to legislative leaders.

But short-term tax increases would be better than using just budget cuts to erase a deficit that could reach $34.6 billion, he said.

[Ernest_at_the_Beach]

Not a big surprise is it!

[Ernest_at_the_Beach]

calgov2002:

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Other Bump Lists at: Free Republic Bump List Register

[Desdemona]

ping

[Blackyce]

California's budget deficit is too large to be closed with spending cuts alone

Yeah, right.

[Gophack]

``The Republicans have made it pretty clear to me . . . that they are not voting for any tax increases anywhere, any place, any time,'' said Senate President Pro Tem John Burton, D-San Francisco.

What part of no taxes do the Democrats not understand?

And anyway, since when has ANYONE heard of a TEMPORARY tax increase?????????????????????????????

[trebb]

And anyway, since when has ANYONE heard of a TEMPORARY tax increase?????????????????????????????

It all depends on the meaning of the word TEMPORARY

[The_Victor]

...TEMPORARY tax increase

As fictitious as Darth Vadar,...

... and as evil.

[AppyPappy]

To paraphrase the great Ronald Reagan : There is nothing so permanent as a temporary tax increase.

[kellynla]

WRONG! According to Senator Tom McClintok, if they trim 9% off the budget, the budget will be in balance in 18 months.

[Republicus2001]

Individuals and Organizations Supporting Communist Party

Taken verbatim from the website of the Communist Party USA 1999

Sen. Barbara Boxer
University of California Student Association
Professor Gerald Horne, Chair, Department of Black Studies, Univ. of California, Santa Barbara
Linda Chavez-Thompson, AFL-CIO executive vice president
Matt Fong
Patty Murray, U.S. Senate
Art Guzman, a member of Pipefitters Local 250 in Los Angeles
Congressman Ronald V. Dellums - United States House of Representatives
Californian's for Justice
DePaul Cuba Coalition/Junta de Accion Latina
Labor/Community Strategy Center, Los Angeles CA
Prisoners' Defense Committee
Southern Arizona People's Law Center, Tucson Az
US Peace Council, Menlo Park CA
Shiu-Ming Cheer - Asian Pacific Americans for Affirmative Action, San Francisco
Nicole Davis - Californian's for Justice
Mark Piotrowski - Center for Campus Organizing
John Martinez - Prisoners' Defense Committee
Daniel Hosang - People United for a Better Oakland (PUEBLO), Oakland CA
Paul Gattone - Southern Arizona People's Law Center, Tucson
Kimi Lee, Executive Director University of California Student Association
Martha Acevedo - US Peace Council, Menlo Ca
David Mirtz, National Coordinator - Young Communist League, USA

[hoosierskypilot]

Yea, right. Like the filthy, bottom dwelling communists who masquerade as democrats/democrats who masquerade as communists would ever roll back a tax. They would rather execute their children than give up a tax dollar, and they love their children.

[Jack Black]

Cutting that much from state spending would be ``a major drag on the economy,'' Janet Yellen, another Berkeley economics professor, added in a conference call with reporters.

A Berkeley economics professor, eh? So I'm sure she and her comrades have a (Dem) Party 5 Year Plan to ensure the workers have jobs!

I think most real (Austrian / Chicago school free market) economists would agree that cutting taxes and freeing productive capaital is EXACTLY what *will* improve the economy.

[Mr. Bird]

California's budget deficit is too large to be closed with spending cuts alone

That is a nonsensical statement. Spending causes deficits. Eliminate spending, eliminate deficits.

And another thing: how many spending programs are tied to a percentage of revenues? Additional tax revenues will only drive up spending in these areas.

So long California. You were good to me those years ago, but I am so glad I'm gone now....

[hattend]

But short-term tax increases would be better than using just budget cuts to erase a deficit that could reach $34.6 billion, he said.

Cutting that much from state spending would be ``a major drag on the economy,'' Janet Yellen, another Berkeley economics professor, added in a conference call with reporters.

Wouldn't you love to have this econ professor teaching your kids? State spending makes the economy run, taxpayers are merely slaves. She should be shipped back to Russia.

[Txslady]

Conservatives know better when it comes to any Government who say's the word "Temporarily". It always means “permanent” and most often when it is a Dem in control!

[Protagoras]

Cutting that much from state spending would be ``a major drag on the economy,'' Janet Yellen, another Berkeley economics professor, added in a conference call with reporters.

The person is quite correct. If you don't believe it, just go to http://junkeconomics.com for the proof.

[hattend]

Okay, is that a real URL or is there supposed to be nothing there? LOL!!!

[Russell Scott]

Its hard to cut spending when your Governor has made so many commitments to hand out fat government contracts to his contributors.

I believe the recall is going to happen. Even Democrats want him out.

[Protagoras]

:^{ Sorry, ya caught me. Just jokin.

[Ernest_at_the_Beach]

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