Schwarzenegger Hints at Raising Taxes

idiots

Raising taxes would force more buyers to buy out of state on the internet which will make things worse for the businesses in California.

Cutting pay of all government workers to pre 2003 levels would make a huge difference and keep everyone employed and reduce the budget.

The answer is simple...

California sales tax rate is already one of the highest in the nation. If Schwarzenegger's increase goes into effect, San Diedo county will be paying a 10.25% sales tax. Our residents have been feeling the effects of this finacial crises for quite some time. California as a whole saw finance-related positions fall 6.8 percent over the past two years, compared with 1.5 percent nationally. This problem will only worsen if taxes are increased.

California has a budget deficit of $11.2 Billion. The state also has nearly 3 million illegal immigrants that cost taxpayers approximately $9 billion each year. Educating the children of illegal immigrants is the largest cost, estimated at $7.7 billion each year. Medical care for illegal immigrants and incarceration of those who have committed crimes are the next two largest expenses. This $9 billion figure does not include other expenses that are difficult to measure, such as special English instruction, school lunch programs, and welfare benefits for American workers displaced by illegal immigrant workers. I am not a financial expert, but I’m sure there is an answer in here somewhere.

borrow against the future lottery earnings.

I think things have gotten pretty bad, as far as the economy, over all. And as a tax payer I don't see anyway out of our problem, other than raising taxes, or borrowing against future lottery earnings. I would go with borrowing against future lottery earnings.

It's always the same.

Instead of cutting bloated government programs which are gobbling up the budget, the Governor instead is going to give the voters an ultimatum: either let us borrow our way out or I'll tax you to death. What an awesome choice. Wall Street should avoid the former like the plague, and the voters should start to demand the legislature and the Governor look at ways to cut spending, and believe me, the fat is there to be cut.

Subtitle

I thought it should have been "Governor proposes drastic measures to get California out of the red" -- but what do I know, I am only another foreigner who left California already 9 years ago.

Great editorial work here...

"Governor proposes drastic measures to get California in the red"

Umm...wouldn't that be 'in the black'. They're already plenty in the red. Maybe that's why so many in U.S. are in financial trouble, with even the 'educated' lacking a basic understanding of economics.

Budget incompetence

A short note to remind us that the california budget in 2000 - 2001 was 94 billion. In less than ten years we are looking a budget of some 140 billion. Gov Davis was fired for fiscal incompetence. Our current House and Senate must get this spending under control. The government does not produce anything of value...persons and businesses will leave the state if this keeps up.