California is one of the most heavily taxed states in the union. And with recent increases in the income, sales, and payroll withholding California state taxes, Californians are burdened with even higher taxes during a severe economic recession. Independents are strongly opposed to high California state taxes and consistent tax hikes, which fail to resolve the root cause of the state’s deep financial problems. Excess borrowing and spending have generated out of control deficits and spiraling debt. If a more sensible California state tax policy is not enacted, high tax rates and profligate spending will continue to drive individuals and businesses out of the state at an alarming rate.
There are many fiscally-oriented ballot initiatives currently circulating in the popular ethos, some of which propose truly bizarre items, and others of which offer seemingly commonsensical solutions.
It is generally agreed upon, even by the staunchest proponents of progressive taxation, that expecting people to pay more than they can is an injustice which ought to be remedied in whatever manner possible.
California Democratic Senate Majority Leader, Dean Florez, has introduced legislation that would tax sodas and sweetened beverages as an assault against the obesity epidemic. Senate Bill 1210 would levy a one cent tax on every teaspoon of sugar or caloric sweetener added to beverages.
Creative destruction, as any economist knows, is a healthy feature of a capitalist economy, especially when it comes to the eradication of failed ideas.
Though he was ridiculed in the media (for no other reason than his boring demeanor), Al Gore was on to something with his 2000 Presidential campaign promise to put Social Security money in a "lock box" where politicians couldn't touch or spend it.
It’s been a successful week for supporters of cannabis taxation: the recent news of strong support for an initiative (09-0024, or the Regulate, Control and Tax Cannabis Act of 2010) to tax and regulate marijuana has spread quickly.
Governor Schwarzenegger is proposing the implementation of Automated Speed Enforcement, or ASE, systems across the state to offset proposed budget cuts to state trial courts.
It appears that recent government-proposed solutions to staggering financial circumstances are not working. At the federal level, the Obama administration must deal with a pessimistic report that TARP funds aren’t lifting the struggling institutions it promised to help (TARP funds intended to assist in relieving the inflated ho
Governor Schwarzenegger’s independent streak, celebrated by some as a sign of his nonpartisan and judicious political philosophy, and lamented by others as an inability to deal harshly with people outside his own party, has once more begun to reappear.
