Wednesday, October 31, 2012

State Proposition 30- Vote NO

   With the  election less than a week away, a closer look at some state propositions is in order.   Proposition 30 is the first that voters have to consider.  It is first in the voter handbook.  Recently, Gov. Jerry Brown has spent large amounts of money on TV ads, promoting passage of this proposition.  On the one hand, he states it will prevent the cutback in school funding if it passes.  On the other, he says it's a temporary tax on the wealthiest Californians who can afford to pay a little more.  (He must be talking about professional athletes, corporate farmers, and lottery winners).
     For the past several years, our state legislators have overspent in all areas of the budget, hoping that taxes would catch up and cover their profligacy.  With the Great Recession came a reduction in tax collection, in sales and use taxes,  property taxes, and income taxes.  This scenario has continued as monies flowing to the state have declined while obligations have increased or remained the same.  Results, tens of billions of dollars in deficits, and they continue to grow.
       Gov. Brown admits these new taxes will not cover the deficit, but they could slow the bleeding, allowing the state to catch up.  Sounds like wishful thinking to this taxpayer.  With one party politics the norm in Sacramento, it is unlikely that there is any incentive to reduce spending.  The Democrats solution-always-Raise taxes, obfuscate the take, spread the grab across the widest swath.   Nibble at the fringe.  This nibbling comes in the form of  1/4cent sales tax hike.   Hmmmm?  Do we not pay enough already?
NOTE:
    Residents pay 7.25% sales tax-the Highest in the country!!!!
    Residents pay $172.63 billions in taxes-Highest in the country
    Residents pay the 4th highest income taxes after the big payers in :New York, New Jersey, and
    Connecticut-not the best company, really.
Local counties often pay additional taxes, as in San Francisco and Marin counties where total sales taxes hover near 9%.  Shocking really.
    And now the old hippie, former governor, ex-mayor of Oakland, former Attorney General, former Presidential candidate, wants workers to pay more taxes, claiming "It's only temporary".  For shame, Jerry.  A man your age telling such fibs.
Vote No on Prop 30-Save billions for your own budget, not Sacramento's red ink disaster budget(s).  

No comments:

Post a Comment

Biden Hosts Island Nation Leaders

       In the first ever meeting among Pacific allies, President Biden hosted a tripartite meeting in Washington, DC. His goal: to indicate ...