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
The Inflation Reduction Act Passed the House and Senate! Ron Cohen Episode 25

Episode 28: CA Middle Class Tax Refund; Is Biden’s Student Loans Forgiveness Taxable?

If you’ve had any student loan debt cancelled as …

The Inflation Reduction Act Passed the House and Senate! Ron Cohen Episode 25

Episode 27: Criminal Investigations Division at the IRS

They will show you their badge, and they often ca…

The Miracle Behind the Growth of The Stock Market

The Miracle Behind the Growth of The Stock Market

The growth we’ve experienced in the last four decades in the economy as well as in the stock market is nothing short of a miracle. I attribute much of this growth to advancements in technology- specifically computer processors. Prior to the 1970’s computers were as big as refrigerators and operated in cool storage rooms. In…

The Inflation Reduction Act Passed the House and Senate! Ron Cohen Episode 25

How Income Taxes Became Part of The Constitution, Ron Cohen Episode 26

8/23/2022
This week we talk about:
What you need…