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
Which Factors Play the Greatest Role in Determining Wealth?

Which Factors Play the Greatest Role in Determining Wealth?

Which Factors Play the Greatest Role in Determining Wealth? By Alan Olsen For most people, becoming rich is just a dream. Most people simply hope or wish to become wealthy, but never actually achieve this dream. If given the chance, everyone would choose to be wealthy, right? Who’s going to turn down huge amounts of…

New Tax Law Has Negative Side Effects for Retirees

New Tax Law Has Negative Side Effects for Retirees

New Tax Law Has Negative Side Effects for Retirees Getting ready to retire? Just recently called it quits? If you haven’t already filed your taxes, then you might be in for some surprises, thanks to the new tax laws. Retirement is supposed to be a bed of roses, but of course, life doesn’t always go…

Be Careful When You Decide to Amend Your Taxes

Be Careful When You Decide to Amend Your Taxes

Be Careful When You Decide to Amend Your Taxes Nobody’s perfect. Even the most careful people make mistakes from time to time. Some mistake hurt much worse than others. Of course, when you’re doing your taxes, mistakes can really be magnified. In fact, they can cost you a lot of money if they’re really big…

Why Are These Wealthy Taxpayers Angry About Taxes?

Why Are These Wealthy Taxpayers Angry About Taxes?

Why Are These Wealthy Taxpayers Angry About Taxes? By Alan Olsen In most cases, when you hear about someone being angry about taxes, you automatically assume they think they’re paying too much. Nearly all taxpayers think they pay too much, no matter their income level. But for the most part, wealthy taxpayers tend to be…