Showing posts with label California taxes. Show all posts
Showing posts with label California taxes. Show all posts

Friday, August 29, 2008

Trashing Arnold's tax idea

By "law" the California budget is supposed to be completed by June 30, although that seldom happens. The deadlock is still ongoing, with a $15.9 billion deficit forecast. Arnold had proposed a "temporary" cent-a-dollar sales tax increase, and the Register thought that was a really bad idea. Was that any way to treat him after his office called and asked if we would run an op-ed piece from him touting the idea, which we did? I thought so. You can be nice, or at least civil, to politicians, but a bad idea is a bad idea. And with California already having the 6th-highest tax burden in the country and the 4th-highest per capita government spending, this is a bad idea. The state government doesn't have a borrowing addiction, it has a spending addiction.

Legislative meetings and negotiations are likely this weekend.