Posted by Tina
Assembly Speaker proposes $6.4 billion in taxes, by Samantha Young – Associated Press Writer
Assembly Speaker Karen Bass is proposing to raise $6.4 billion in taxes to balance the state budget. Bass told the Sacramento Press Club on Wednesday she wants to close tax loopholes and eliminate tax breaks on wealthy Californians. She declined to say which taxes Assembly Democrats want to raise.
The state is facing a $15.2 billion deficit in the next fiscal year as tax revenues in the slowing economy fall short of state spending. It’s not clear how far the Democrats’ plan will get, though. Republicans have repeatedly said they won’t support raising taxes, and Democrats need their support to do it.
This dem blonde needs to learn what makes revenues dropshe could go ask some of those wealthy people they have proven they know how to make a buck. I’ll bet they could provide a few tips on spending and money management too.
Hint: “open loop” doesn’t work!