Thursday, May 27, 2010

Democrats propose tax hikes in response to Schwarzenegger's fiscal plan

LA Times "The Democrats who control the Legislature have fired their opening salvo against Gov. Arnold Schwarzenegger's spending blueprint, which proposed eliminating California's welfare program and cutting deeply into other state services, by proposing that the state rely instead on billions of dollars in new taxes to balance the budget. The Assembly's Democrats detailed a plan Tuesday that would tax oil companies and borrow billions from the nickel-and-dime deposits that consumers make on recyclable bottles and cans. Tax breaks for businesses that are scheduled to take effect soon would be delayed under the plan."
Neal Boortz's comment on this: "Read this article and then tell me why any sane person with an ounce of drive to succeed would move to California and/or start a business there."

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