Posts Tagged ‘Tax’

From the Howard Jarvis Taxpayers Association:

By Jon Coupal

While voters’ attention is being diverted to the three major statewide tax increase measures on the November ballot, Propositions 30, 38 and 39, many taxpayers are about to be hit below the belt by local politicians, who are just as anxious to get their hands on more cash as are their Sacramento brethren.

Michael Coleman, the creator of CaliforniaCityFinance.com, has tallied the number of local tax hike measures that will appear on the November 6 ballot. Voters will decide on 237 tax increases or extensions including 106 school bonds with a face value of $11.7 billion — about half of the eventual cost after interest is paid. Additionally, there are 25 measures to increase or extend school parcel taxes, property taxes that are placed on parcels of property without regard to the parcel’s value. Then there are another 106 non-school related revenue measures that include 23 parcel taxes, 35 sales tax increases or extensions, and 42 special taxes — those earmarked for a specific purpose. (more…)

(Originally posted at The Press-Enterprise)

BY THOMAS DEL BECCARO

Another California budget cycle has come and gone. As with each of the budgets from the past decade or so, questions abound. Is it really balanced? Are the revenue estimates real? Will there need to be revisions in the months ahead?

The short answers to those questions are that it is not really balanced because it relies on unlikely revenues and, yes, we will be revisiting the budget this fall. More important, this budget contains no meaningful reforms. Beyond that, this governor has no plan to bring jobs to this state. As a result, not only will we be in a bad place this fall — next year promises more of the same.

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National

Romney goes on offense over jobs remark after weathering attacks on taxes, Bain: read more–>>

Obama, Romney campaigns positively negative at an earlier stage: read more–>>

Obama plan to lift top tax rates would plague millions of small businesses, study warns: read more–>>

Obama transparency takes turn under the microscope after attacks on Romney: read more–>>

Mitt Romney accuses Obama of ‘denigrating success and achievement’: read more–>>

Pawlenty defends Romney on taxes, calls for focus on economy: read more–>>

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Around the Nation

Obama pushing for tax hike on top earners, extension of Bush-era rates for others: read more–>>

Romney outraised Obama in June, $106 million to $71 million: read more–>>

Economy is in the eye of the policy beholder: read more–>>

Court hears case on Texas voter ID law, ruling could impact other states: read more–>>

‘Obamacare’ repeal, small-business tax cuts and voting records smashed: 5 things to watch this week in Congress: read more–>>

Green Jobs Count: Fewer than before, Sillier than Ever: read more–>>

Civil war feared in unstable Iraq: read more–>>

Local Beat

Good Jerry, Bad Jerry play to win: read more–>>

Bullet train could shoot down Brown’s tax initiative: read more–>>

Bullet train may collide with California tax measure: read more–>>

Opinions

Who’s bailing on Obama? Just about everybody: read more–>>

Train to Nowhere: Full Speed Ahead: read more–>>

Obama’s tax triple axel: read more–>>

Fast and furious cover-up at Holder’s Justice: read more–>>

No fracking way forward: read more–>>

Contra Costa Times editorial: Legislature must stop lavish health benefits for boards: read more–>>

Re-electing Obama means higher taxes – permanently

It’s official: Obamacare is Obamatax. The Supreme Court saved Obamacare but at the expense of exposing it as simply a massive collection of taxes – 20 taxes at least. Obamacare was supposed to reduce the cost of health insurance but it has six taxes on Americans who already have health insurance. Your insurance will cost more to pay Mr. Obama’s tax hikes.

Obamacare was supposed to “bend the cost curve down” but it has a tax on medical devices. What medical devices? Braces for your kids. A stent for your heart. A wheelchair. All the cool stuff you see in hospitals will now cost more in order to pay Mr. Obama’s tax on medical devices.

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