- Interior Department Hides Data, Pushes Back Offshore Drilling Plan
- It May be Sunshine Week, But There Are Dark Clouds over the Slaughter House (CFA Site »)
- Bill McCollum Signs Taxpayer Protection Pledge in Florida Governor's Race
- Sen. Lincoln (D-Ark.) New Ad: I'm not working for the unions
- Making Laws Should Be Transparent
- CFA in Washington Times: Read the Bill! (CFA Site »)
- How the FCC Plans to Tax the Internet (Stop eTaxes Site »)
- Study: Health Care Legislation Will Cost up to 700,000 Jobs by 2019
- Comprehensive List of Tax Hikes in Government Health Bill to be Voted on by House
- Testimony Before U.S. House Appropriations Committee on Labor
Wednesday, March 17, 2010
- The Second Annual Pat Quinn Income Tax Increase Proposal
- How the FCC Plans to Tax the Internet
- Oh, the Irony! It's Sunshine Week, So Let's Push Healthcare Bill Through Without Even Voting On It!? (CFA Site »)
Tuesday, March 16, 2010
- Wisconsin Gubernatorial Candidate Scott Walker Signs Taxpayer Protection Pledge
- Why Do We Get Health Insurance from Our Employers Anyway? (ASA Site »)
- The Enormous Price Tag of Government Run Healthcare (ASA Site »)
- Call for Sunshine Week: "Just Give Us The Earmark Data" (CFA Site »)
- PA-12 Special Election Update: Tim Burns Signs the Taxpayer Protection Pledge
- How Government Accounting Works
- ATRF Analysis: The Importance of International Tax Competition
- How Tax Preparation "Simplification" Will Lead to Tax Hikes
- GAO: Implementation of Coburn-Obama Still Lacking in Some Areas (CFA Site »)
Monday, March 15, 2010
- Latest Developments In The Fight To Stop A Govt Internet Takeover
- China Buys Our Debt, We Give Them Renewable Energy Stimulus Jobs...Seems About Right
- ATR Urges Governor McDonnell to Sign Bill to Abolish State Run Tax Filing
- Saving the Sea Turtles...But at What Cost? (PRA Site »)
- Craig Miller Signs Taxpayer Protection Pledge in FL-24
- The Economics of #StimulusFail
- Missouri Unions and Andy Stern on the Same Page: Raise Taxes (AWF Site »)
- Obamacare, Free Trade, & Our Economic Prosperity
Friday, March 12, 2010
- Rusty Bowers Signs the Taxpayer Protection Pledge for AZ-01 Race
- Ask Your Virginia Legislator to Vote "NO" on Any Budget Containing Higher Taxes
-
ATR Supports H.R. 4781, the
"Keeping American Businesses
Competitive Act of 2010" - Ronald Reagan Legacy Project Urges Naming of California High School After Reagan
- Democrats Attempt to Subvert Congress in Hopes of Carbon Regulation
- Economic Issues Dominate at the Bloggers Briefing
- Pushback Against EPA’s Attempts to Regulate Carbon Emissions Grows
- Minnesota Gubernatorial Candidate Running on a Platform of Tax Hikes
Thursday, March 11, 2010
- Michigan Jobs Ain't What They Used To Be...Unless You Work For The Government
- ATR and CFA Support Earmark Moratorium
- Voter Fraud in the Name of Tax Hikes
- Ballooning Deficits in Greece Foreshadowing Future for the U.S.? (ASA Site »)
- Green Jobs FAIL
- The Evergreen Tax and Fee Spree
- ATR Staffer Testifies Before U.S. House Energy & Commerce Select Committee
Wednesday, March 10, 2010
- The endemic rot in government run health care
- The Debt Panel's 800-lb. Gorilla: Why Andy Stern Stands Out
- The Left Agree: Obamacare Ushers In Their Radical Ideological Agenda
- We Ought Focus On Cutting Taxes & Spending, Not Deficits
- The Debt Panel's 800-lb. Gorilla (AWF Site »)
-
Does the Obamacare Investment Surtax
Apply to Capital Gains? - ATR Urges Opposition to Sen. Isakson Pension Bailout
- Taxpayers to Legislators: Clean Virginia Budget of Taxes
- ATR Supports the Georgia JOBS Act
Tuesday, March 9, 2010
- ATR Urges Utah Governor Herbert to Veto Tax Increase
- More on the VAT
- Public Sector Jobs
- How 550,000 jobs were destroyed by the minimum wage hike
- How Obamacare Will Hurt Poor Women & Children Most
- Federal Workers Make $11,000 More Than Private Sector Workers, and There’s More of Them (AWF Site »)
Monday, March 8, 2010
- Legislation Introduced to Put Ronald Reagan on the $50 Bill
- Pledge Signer Wins Illinois Republican Gubernatorial Primary
- "Net Neutrality" To Kill Jobs
- NY Supreme Court Votes to Evict Residents and Close Businesses (PRA Site »)
- California US Senate Candidates Square Off in First Debate
Friday, March 5, 2010
- ATR and CFA Support the Spending Limit Amendment
- Utah Representative Breaks Tax Pledge
- AWF Will Rate Vote on House Jobs Bill (AWF Site »)
- Energy Tax Hike Series: Use it or Lose it Tax
Thursday, March 4, 2010
- The reliability of spending "estimates"
Wednesday, March 3, 2010
Tax Threats Loom Large on Golden State Horizon - Again
From Patrick Gleason on Friday, March 13, 2009 4:08 PM
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They're baaaack - calls for tax hikes in California that is. Last month all California Democrats and 6 Republicans passed a budget that raised taxes on Golden State taxpayers by approximately $70 billion.
But now it seems, according the legislature's budget analyst, Mac Taylor, that the state is still going to out spend its means by $8 billion - shocker.
Taylor was quoted in today's Sacramento Bee saying the following:
"Even in the few weeks since the budget was signed, there have been a series of negative developments. Our updated revenue forecast projects that revenues will fall short of the assumptions in the budget package by $8 billion. Consequently, the Legislature and governor will need to adopt billions of dollars in additional solutions in the coming months to bring the 2009-10 budget back into balance."
California legislators don't seem to comprehend one of the few things that economists of all political stripes agree on - raising taxes during a recession is disastrous policy. Furthermore, the deleterious effect caused by doing so is exacerbated by the fact that the state had the highest tax rates even before the increases signed into law last month (click here for ATR's commentary in the Sacramento Bee on that agreement).
As ill-advised as it may be - in terms of both policy and politics - smart money is on California Democrats coming back to demand more tax increases. The stage may finally be set for a serious taxpayer revolt in the Golden State.
Related Articles
Interior Department Hides Data, Pushes Back Offshore Drilling Plan - Wednesday, March 17, 2010 5:49 PM
Study: Health Care Legislation Will Cost up to 700,000 Jobs by 2019 - Wednesday, March 17, 2010 10:21 AM
Comprehensive List of Tax Hikes in Government Health Bill to be Voted on by House - Wednesday, March 17, 2010 9:05 AM
How the FCC Plans to Tax the Internet - Tuesday, March 16, 2010 3:42 PM
ATRF Analysis: The Importance of International Tax Competition - Monday, March 15, 2010 11:24 AM
Comments
Interesting, maybe California's demos should read the book out called The End of Prosperity. If you raise taxes revenue goes down. People avoid or as is happening in California move out. A net outflow of about 165,00 people left CA last year and more this year and most of those were not poor people. Raising taxes, out of control spending, and generous welfare are causing CA to go bankrupt. Keep spending.
>> Frank Johnson Wednesday, March 25, 2009 2:15 PM
The State Government needs to learn how to keep it's mits out of the cookie jar. The idea to turn a recession around is to put money in the peoples pockets so they can spend it. This will bring business back up. Remember FDR and the New Deal. Bless us all and hang on to your shorts, here it comes again !
>> Larry Tuesday, March 31, 2009 10:04 AM