Classic oppression side of the Laffer Curve. The more taxes the democrats raise the smaller the revenue.
Posted on 05/24/2010 7:56:40 PM PDT by artichokegrower
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 sfgate.com ...
That shoudl raise the unemployment and chase more business AWAY from California.
Temporary tax increase? LMAO!
Someone should teach these Dems some elementary math.If the state has a $20million deficit, that deficit is not reduced by extending taxes that are already being collected.Those taxes are already marked as revenue and are factored in to the deficit calculations. They may keep the deficit from growing, but not ending these taxes will not reduce the deficit.
Yea, just like INCOME TAX was supposed to be temporary.
They’re so much in debt that I doubt that in our life time they will get out of it. If they truly try, Obama will issue a BAIL OUT to keep us in debt. Ending the insane spending is NEVER an issue on the table UNLESS it cuts DEFENSE or our military.
Take the credit card away from these fools and send them home before there is nothing left to save.
Rats have this imperative to ALWAYS raise taxes...there must be a genetic defect that causes this mental disturbance. The problem is that it is passed on from generation to generation. God forgive me for saying this but this may be the only valid reason for abortion.
So long as the state is supporting so many people on welfare and supporting so many illegal alien kids..we will never balance a budget in CA. There aren’t enough tax payers any more.
Ok Arizona , time to give these corporations a tax break when they move here.
The end is near. The free market is clubbing CA like a baby seal. These Democrats are going to pay by rotting in jail. Read history. It’s going to get very ugly.
Uh, can I take “Never” for $20 billion, Alex?
Yep the nail will be in the coffin on jobs. These people are nuts I live here I know they are nuts.
Take a look at Detroit and tell me yourself.
Remember how well it worked when you first went away to college and spent more $ than was in your checking account? Kalifornians still have not learned that lesson.
They’ll learn when they are kicked out of office. Until then, they only thing they know is that the voters approve. Same goes on here in the People’s Republic of NY where corrupt Andrew Cuomo is the prohibitive favorite for governor despite his support of Barack Obama and his personal role in the housing meltdown as Bildo Klintoon’s HUD secretary.
Classic oppression side of the Laffer Curve. The more taxes the democrats raise the smaller the revenue.
These guys are idiots. Glad as h*ll I don't live in CA.
Instead of raising the taxes on alcohol, why not put a tax on drugs that mitigate mental illness? This way the dems are hit harder, much, much harder, .......
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