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I guess last year's tax increases didn't bring in all the money they were hoping for. I could say "I told you so" but they still think they should raise taxes even more.
1 posted on 05/07/2010 12:31:55 PM PDT by SmithL
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To: SmithL

Wow. No one could have predicted tax revenues would be down.


2 posted on 05/07/2010 12:33:19 PM PDT by CriticalJ (Suppose you were an idiot. And suppose you were a member of Congress.. But then I repeat myself. MT)
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To: SmithL

CUT entitlements.


3 posted on 05/07/2010 12:33:29 PM PDT by GeronL (http://libertyfic.proboards.com << Get your science fiction and fiction test marketed)
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To: SmithL

D’oh!!!!!!!!!!!!!!!

“California exodus turns to stampede”
High taxes drive jobs, people from one state to another

http://www.wnd.com/?pageId=56876


4 posted on 05/07/2010 12:34:13 PM PDT by avacado
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To: SmithL

TRANSLATION: All of that phony, pipe-dream revenue we forecast last year in order to get our agenda through the legislature has just been revealed to be PHONY and a PIPE DREAM!! Shocking, I tell you! Shocking and of course UNEXPECTED!!!


5 posted on 05/07/2010 12:35:18 PM PDT by Oldpuppymax
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To: SmithL

Bet if you CA folks were drilling and fishing, sending illegals back to Mexico, getting rid of teachers (union workers) and half of the worthless government workers, you’d have enough money to LOWER TAXES.


6 posted on 05/07/2010 12:35:40 PM PDT by Sacajaweau (What)
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To: SmithL

What these clowns in Cali-fornia don’t realize and no one in Washington DC understands is that taking money out of the private sector and redistributing it is no way to encourage growth and jobs. If theres little to no incentive to start or maintain a business, who’s gonna take the risk - especially in these times?


7 posted on 05/07/2010 12:35:56 PM PDT by OrioleFan (Republicans believe every day is the 4th of July, democrats believe every day is April 15)
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To: SmithL

Great job you’re doing out there, Terminator.


8 posted on 05/07/2010 12:37:20 PM PDT by ZX12R
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To: SmithL
Time for California to declare bankruptcy and get rid of all entitlements and unions of all kinds.
9 posted on 05/07/2010 12:37:22 PM PDT by NY Attitude (Make love not war but be prepared for either.)
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To: SmithL

I know!

Let’s massively raise taxes and drive all private business out of California.

That will dramatically improve the California economy.


10 posted on 05/07/2010 12:37:56 PM PDT by FormerACLUmember ("Subtlety is not going to win this fight": NJ Governor Chris Christie)
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To: SmithL

12 posted on 05/07/2010 12:43:32 PM PDT by FormerACLUmember ("Subtlety is not going to win this fight": NJ Governor Chris Christie)
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To: SmithL

Well in Obamas America this is good news afterall everything is backwards

Down is now Up
Bad is Good
5.9% unemployment bad (Bush)
9.9% unemployemnt good (Obama)


14 posted on 05/07/2010 12:49:03 PM PDT by funfan
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To: SmithL

I guess I added to this problem. I was so accurate in my tax witholding that I actually got a $3.54 tax refund this year.


15 posted on 05/07/2010 12:49:31 PM PDT by umgud (Obama is a failed experiment.)
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To: SmithL

The “tax payers” left...


16 posted on 05/07/2010 12:51:05 PM PDT by GregNH (Re-Elect "No Body")
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To: SmithL
California still has In-Home Supportive Services , whereby welfare recipients are turned into SEIU members. There must not be a fiscal crisis if this spending continues.
17 posted on 05/07/2010 12:51:31 PM PDT by Plutarch
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To: SmithL

I’m thinking of leaving California and moving to the United States of America.


18 posted on 05/07/2010 12:52:44 PM PDT by umgud (Obama is a failed experiment.)
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To: SmithL

When businesses have to pay higher taxes, they can’t pay more to employees. When employees don’t get more pay, they can’t spend more money. When employees can’t spend more money, businesses make less money and therefore will pay less in taxes because they have less in income.

You’d think it was rocket science the way government and liberals cannot grasp this concept that can be explained in one paragraph.


21 posted on 05/07/2010 1:10:34 PM PDT by autumnraine (America how long will you be so deaf and dumb to the chariot wheels carrying you to the guillotine?)
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To: SmithL
Let's see if the morons in Sacrament can get this.

There's a Tax-rate vs Tax-Revenue Curve. Plot Tax-Rate on X-Axis and Tax-Revenue on Y-Axis. The curve looks similiar to a bell curve. If you tax @ 0% you get no revenue. If you tax @ 100% you end economic activity and get no money. Therefore there's an optimum tax-rate that generates the maximum revenue (slope of curve is at zero). If you increase tax rate and you get less revenue then you are on the downward slope of curve. You need to go back in the opposite direction. Funny how the folks in Sac (are you listening Arnold & Democrats) just can't seem to get this.
23 posted on 05/07/2010 1:33:18 PM PDT by truthguy (Good intentions are not enough!)
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To: SmithL

They hit the rock and Arnold ordered full steam ahead.


27 posted on 05/07/2010 1:43:38 PM PDT by bmwcyle (Thank You God for Freeing the Navy Seals)
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To: SmithL

Jails
All unions
Illegals
Corrupt polticians
Global Warming policies
Regulation
Cutting off water

It’s ‘ovah’


28 posted on 05/07/2010 1:46:57 PM PDT by wac3rd (Prepare for the November 2010 Tsunami)
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To: SmithL
CALIFORNIA: State revenues fell $3.6 billion short spending was 3.6 billion too much in April.

Dutifully corrected.

29 posted on 05/07/2010 1:47:06 PM PDT by catpuppy (2009 --"We will not ration health care." 2012--"Anybody heard from grandpa?")
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