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.
Your Chances of Being Audited Continue to Decline
What’s the scariest possible outcome of filing your taxes? Almost anyone would answer that question with “being audited.” Being audited by the IRS is never fun. Fortunately, it’s something that most people will never have to experience. The fact is the IRS actually audits very few returns all things considered. Furthermore, the IRS also…
How Will Tax Changes Affect Upper Middle Class?
How Will Tax Changes Affect Upper Middle Class? The 2019 tax season is almost here. It officially starts next week. And the Tax Cut and Jobs Act figures to play a huge role in how this year’s tax season plays out. With so many changes, there are sure to be many questions and surprises for…
How to Retire as a Millionaire
How to Retire as a Millionaire “If I had a million dollars” is a popular song by the group Barenaked Ladies. For most people it’s simply a dream. Becoming a millionaire remains an “if” forever. But what if you could really become a millionaire? Is it really out of the realm of possibility? The fact…
Should I Invest or Pay off My Debt?
Should I Invest or Pay off My Debt? When was the last time you had a significant amount of disposable income? Maybe when you were 12 and you got a nice check from your grandparents for your birthday. Or maybe it was the last time you got a fat tax refund. For most people, disposable…