Activists, Unions Take Aim at Governor Brown’s Budget Grip

California Governor Jerry Brown has been known to rule the state’s budget with a tough grip. Not much has passed or been voted down without him having a hand in the decision. The governor has fought for tax hikes, put the kybosh on new programs that call for more spending and worked tirelessly on building up the state’s rainy day fund. However, someone might have finally cracked the fortress.

Thanks to some new efforts by activists and unions who want tax reform and additional funding in the state, the governor may have to let go of his grip, at least just a hair. That’s because several different attempts from various sources are pushing the governor for various different reasons. For example, the reasons for these new proposals include getting more funding, building a shield against another recession and pushing a political agenda.

One proposal would extend the higher taxes that Gov. Brown himself campaigned for in 2012. Another proposal would change California’s landmark restrictions on property taxes, which could help increase money from commercial interests. Still, another proposal is calling for an oil extraction tax and yet another possible plan would be to increase the cigarette tax levy.

Meanwhile, although the governor has yet to publicly respond to these proposals he has stated before that he does not favor extending Proposition 30, which increased levies on the highest earners and raised the sales tax by a quarter-cent. Brown does not want lower and middle class families to end up paying more in taxes in an effort to stabilize revenue collection.

Posted in

Tablets vs Phone books

Tablets vs Phone books Transcript: With smart phones and tablets becoming more prevalent in society, accountants are left without a hobby. I mean, how are they supposed to add phone books now? To receive our free newsletter, contact us here. Subscribe our YouTube Channel for more updates. This transcript was generated by software and may not accurately reflect exactly…

How to Get Your Dream Job in a Slow Economy

How to Get Your Dream Job in a Slow Economy

How to Get Your Dream Job in a Slow Economy By Hendrik Pohl Does the slow economy leave you worried about finding a new job? Don’t despair! Even in a slow economy there are plenty of good jobs available, and with the right preparation you will make yourself stand out from your competition. Below are…

Art as an Investment?

Art as an Investment?

Art as an Investment? “Beauty is truth, truth beauty”—that is all/Ye know on earth, and all ye need to know.” —John Keats, “Ode on a Grecian Urn” Well, yes, but many who collect works of art—whether Grecian urns or Ming vases, Rembrandts or Warhols—and many who share the growing interest in art as an investment have…

50 Tax Deductions You Should Remember

50 Tax Deductions You Should Remember 1. Accounting fees for tax preparation services and IRS audits 2. Alcoholism and drug abuse treatment 3. Amortization of premium on taxable bonds 4. Appraisal fees for charitable donations or casualty losses 5. Appreciation on property donated to a charity 6. Casualty or theft losses 7. Cellular telephones –…