NEW YORK (CNNMoney) - California Governor Jerry Brown unveiled a revised budget Monday that calls for a $9.3 billion tax extension, coupled with a $2.6 billion cut in spending.
Despite steep opposition from Republican lawmakers and some of his own supporters, Brown is holding firm to his belief that the state's budget crisis should be addressed with a mix of tax hikes and spending cuts. The governor did not unveil the draconian spending cuts that some observers had thought he would. Instead, he continued to press for an extension of tax hikes currently set to expire. And he still wants voters to have a say on the extension of the levies.
Ya' gotta do whatcha gotta do.
If you have both sides equally mad, or glad, at you, then you probalby got it right.
If it's good enough for Reagan (raised taxes several times to pay for tax cuts), it's good enough for Brown.
It seems like every day there's another article on a budget battle going on some where. A true test at the philosophy of democracy and a tribute to American peoples understanding of the "urgency of now."Nevertheless, I must pose the question, are tax hikes really appropriate anywhere in the US right now? I believe that we have a moral obligation to ensure the well being of our poor and middle class, we do the exact opposite by raising taxes on them.
Well, this insanity from Gov. Moonbeam will just about seal California's fate! A 4 to 1 ratio of tax increase to spending cuts. California deserves everything it gets with the clueless Democrats running the place into the ground. Hopefully everybody with a brain in their head leaves the state and it goes under. Best to happen quickly instead of a long slow painful bleed. Only when Democrats have brought total destruction to the state will it be able to understand the folly of liberal policies.
@Democrat Class Warfare – Destroying the economy, destroying the country (the real deal)
Your tin foil hat is loose again! (or maybe it's everything under the hat that is loose)
Why do Democrats always try and tax their way out of trouble? I guess its just easier than figuring out a real solution to the problems. But in the end it just adds to the problems. Watch and learn. An increased tax in CA will just perpetuate the state's problems. But the union bosses of the California Teachers Association will be happy with Jerry Brown. He's their man.
Finally a leader with the brains to identify that it's collapsing revenues due to overly-generous deductions and cuts, not runaway spending, that is the problem.
And keep in mind he's extending current taxes, not raising taxes. I know Republicans like to pretend there's no difference between the two, but then again, many Republicans are idiots.
It just makes you glad that you don't live in California! To those who do; I just cant feel bad for idiots that voted this guy back into office knowing what his previous record was in the state.