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Calif. Democrats propose nearly $5B in new taxes
Associated Press ^ | May 24, 2010 | JUDY LIN

Posted on 05/24/2010 7:24:36 PM PDT by Free ThinkerNY

SACRAMENTO, Calif. (AP) -- Democrats in the state Senate on Monday countered Gov. Arnold Schwarzenegger's proposed budget cuts with a plan to raise taxes by nearly $5 billion, largely by extending temporary taxes and delaying corporate tax breaks for two years.

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections; US: California
KEYWORDS: billion; budget; california; democrats; nearly; new; propose; tax; taxes

1 posted on 05/24/2010 7:24:36 PM PDT by Free ThinkerNY
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To: Free ThinkerNY

Going down with the ship...


2 posted on 05/24/2010 7:25:48 PM PDT by devane617 (VOTE THEM OUT! ALL OF THEM!)
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To: Free ThinkerNY

Who will be able to pay them?


3 posted on 05/24/2010 7:26:22 PM PDT by Ingtar (If Palin were perfect, she could campaign for godhood. Since she is human, Obama's job will do.)
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To: Free ThinkerNY

The shocking part is that it is only 5 billion.


4 posted on 05/24/2010 7:27:08 PM PDT by Tzimisce (No thanks. We have enough government already. - The Tick)
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To: Free ThinkerNY

How’s this for an idea? Make taxes voluntary. I’ve been seeing a lot of morons on the boob tube lately who have been whining about not being allowed to pay more taxes. Everyone should be able to voluntarily decide if they want to pay and how much. NOW THAT’ WHAT I CALL A REAL AMERICAN IDEA!


5 posted on 05/24/2010 7:28:04 PM PDT by FlingWingFlyer (Kiss my AZ!!!)
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To: Free ThinkerNY

Damn. That means more liberal/socialist californias will be moving out.


6 posted on 05/24/2010 7:28:19 PM PDT by ABQHispConservative (November, here we come!)
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To: Ingtar

“Who will be able to pay them?”


Let these jerks pay for it:http://www.youtube.com/watch?v=chp2u2ln8_E


7 posted on 05/24/2010 7:30:01 PM PDT by CommieCutter (Obamanomics :Privatize Gains, Socialize Losses.)
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To: Free ThinkerNY

How much does the entertainment industry contribute in taxes......I would think if they paid their fair share they would be really complaining......or do they make so much they do not care?


8 posted on 05/24/2010 7:31:48 PM PDT by Kimmers (Be the kind of person when your feet hit the floor each morning the devil says, Oh crap, she's awake)
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To: Free ThinkerNY

9 posted on 05/24/2010 7:32:56 PM PDT by Oceander (The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
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To: Free ThinkerNY

Just the first shot countering GAS’ proposal to cut CalWorks welfare program. Gonna be a long hot summer.


10 posted on 05/24/2010 7:33:00 PM PDT by ScottinSacto (Brian FitzGerald for CA Insurance Commissioner!)
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To: Kimmers

a lot of the entertainment industry has moved out of Calif. in an effort to find a better business climate/tax breaks. Appears they are fine w/ higher taxes - just not for themselves (like most liberals)


11 posted on 05/24/2010 7:35:08 PM PDT by BookmanTheJanitor
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To: Free ThinkerNY

Kalifornia small business still has a weak pulse. It must be taken off life support and killed!


12 posted on 05/24/2010 7:37:59 PM PDT by 23 Everest (Take Back Your Country This November! If That Don't Work We'll Do It The 2nd AMD Way)
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To: Free ThinkerNY
What's the budget deficit? $20 billion? Why not just raise taxes that far? I'm sure the most productive members of society nationwide would flock to California to help.

Ther isn't any reason to cut spending. If anything it should be increased.

13 posted on 05/24/2010 7:41:20 PM PDT by stevem
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To: Free ThinkerNY

Who can honestly say that they didn’t see this coming?


14 posted on 05/24/2010 8:00:28 PM PDT by repubpub ("No poor man ever gave me a job, but plenty of rich guys have. " unknown)
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To: Free ThinkerNY
Calif. Democrats propose nearly $5B in new taxes

Cally is $500 BILLION behind - in pensions alone. Why do lawmakers REALLY suck at economics?

15 posted on 05/24/2010 8:04:26 PM PDT by Libloather (Tea totaler, PROUD birther, mobster, pro-lifer, anti-warmer, enemy of the state, extremist....)
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To: Free ThinkerNY

The democrats (aka liberals) think the economy is a static pie of wealth and they can carve out as much of it as they see fit.

In reality economy and wealth creation is a dynamic entity taxes punish the most productive and reward the least productive. The result? The whole pie shrinks! Less for everybody.


16 posted on 05/24/2010 8:12:56 PM PDT by Undocumented_capitalist
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To: Free ThinkerNY

And when revenues decline and unmeployment claims rise they’ll say it was becuse they didn’t increase taxes enough.


17 posted on 05/24/2010 8:18:59 PM PDT by eggman (Grab a mop Mr. Gibbs! Your boss is making another mess.)
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To: eggman

So let’s elect a Meg, the pseudo (R) so the (R)s can take the hit. No, if Meg is the one I’ll vote for Moonbeam & watch the gallows come up for him in 16 months time.


18 posted on 05/24/2010 8:46:26 PM PDT by Digger (If RINO is your selection, then failure is your election)
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To: Free ThinkerNY

You either stay in power by educating the public or you pay them off. Looks like the Dims are choosing the later as usual.


19 posted on 05/24/2010 9:47:25 PM PDT by TheThinker (Communists: taking over the world one kooky doomsday scenerio at a time.)
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To: Free ThinkerNY

No news here, now if they demanded a cut in spending by that much it would be news...democrats and taxes are one and the same...


20 posted on 05/25/2010 12:38:31 AM PDT by goat granny
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