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.
Federal Government Looking for Ways to Get to Retirement Funds
Just when you thought your retirement account was safe from the federal government, think again. That’s’ because according to the Government Accountability Office, there are around 9,000 U.S. taxpayers who have a minimum of $5 million in an individual retirement account. Now some lawmakers are taking a closer look at these accounts because as Senate…
An Artistic Way to Pay Your Taxes
Many wealthy individuals enjoy collecting things, including artwork. While artwork can be a source of income for some, as well as solely a collectible for others, it can’t be used it to pay your taxes. Well, at least not in the United States, anyways. However, there are some countries in which artwork is a completely…
Life Is Not Fair – Neither Is Every State Tax System
Life Is Not Fair – Neither Is Every State Tax System We all know that life isn’t fair, and that means that many specific aspects of life aren’t fair either. Of course, according to most people taxes always fall into the unfair category as well. So just how fair or unfair are your taxes? No,…