Finally, a real debate on the economics of taxation?
Since a discussion of tax politics begins and ends quickly in the Capitol, let’s try talking economics instead.
Originally posted by Capitol Weekly
Read more...Since a discussion of tax politics begins and ends quickly in the Capitol, let’s try talking economics instead.
Originally posted by Capitol Weekly
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With the state facing a current deficit and on-going yearly deficits $20 billion, the survival of basic services and a healthy public sector is at stake. The following summarizes 10 measures which will have the least impact on economic growth and recovery—the “low-hanging fruit” in the tax system.
September 29, 2009
The California Tax Reform Association, which participated in many discussions of
the Commission on the Twenty-First Century Economy, criticized the report as “a
failure to provide a fair, long-term solution to California’s revenue and tax
problems.” Executive Director Lenny Goldberg said, among its many failings, “it
does not even address the distinct issues of the 21st century [...]
“Comments to the Commission on the Twenty-First Century Economy” on their proposed tax reform packages.
Read more...California’s property tax burden has gradually shifted to homeowners because commercial and industrial property doesn’t change hands as often as homes and the sales can be easily disguised.
by Michael Hiltzik in the LA Times.
Originally posted by the LA Times
Summary: this proposed initiative repeals only the three new corporate loopholes which were the secret part of the failed budget deals in September 2008 and February 2009.
None of them have yet taken effect, so the initiative will prevent over $2 billion yearly in future revenue losses. It has been filed with the Secretary of State, [...]
Read more...This initiative, filed July 7, 2009, would repeal the new corporate loopholes passed in secret by the Legislature as part of the failed budget deals which have been rejected by the voters. Read the initiative in pdf;
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