Tag Archive for Taxes

Let California Fail

Since the proposed budget is bad (too many cuts in the wrong places), why should Democrats support it? Why isn’t the state Democratic Party telling the voters that this disaster has been caused by the Republicans? Why are the Democrats not seizing the ideological moment by calling this budget disaster a Republican disaster? We ought to insist now on a budget that is fair — and if that fails, we ought to go to the voters and tell them that the Republicans have caused their state government to fail.
Only then will we have the chance to get real change in California.

Local Budget Shortfalls

Here’s a quick summary of the announced budget shortfalls for our local governments.  Revenues are general fund revenues. Brea  - Revenues $54.8 million, Gap $2.3 million (4.2%), Revenue mix  33.3% sales and use taxes, 19.8% contract to provide police services for Yorba Linda, fees, 11.5% charges & other revenue, 10.4% property taxes  Buena Park - Revenues   $56.4 million, Gap…

SacBee: Budget Deal Reached

A combination of spending cuts and tax increases have led to a deal between the state legislature and the Governor to close California’s $40-billion budget gap.  Details are here. But you know the tax increases will mean bitching and whining from the Republicans and Conservatives throughout California.  Let’s see Jon Fleischman follow through on calls…

Progressive Econ 101: Tax Theories

To say we are in an economic funk is being charitable.  Unfortunately, the debate is breaking more along party lines than is really good for the country.  Let’s take a quick look at some of the ideas about taxes (and therefore government!) that are out there. The Classic Idea – Taxes are a Deadweight Loss…

The Gang That Couldn’t Appoint Straight

By Michael D. Fox/The Moving Target Contributing Writer During the presidential election campaign, even Barack Obama’s most severe detractors conceded that he was smart, politically savvy, and had put together a team of brilliant advisors and managers.  Everyone expected that President Obama would carry the cool professionalism and political acumen of his campaign into his…