It would appear, based on public statements from Democrat Legislative leaders, that dealing with the state’s fiscal mess is being punted until after the New Year. This after Governor Arnold Schwarzenegger pledged yesterday to veto an outrageous scheme concocted primary by State Senate President Darrell Steinberg — passing over $8 billion in new taxes (income, gas, sales, and more) on just a majority vote!
Fortunately for California taxpayers, the vice-like iron grip that the public employee unions have on Democrats in the legislature is so rock-solid that Steinberg and Assembly Speaker Karen Bass could not muster up the votes to give the Governor some "economic stimulus" policy changes that he wants in a tax-increase package, many of which relax labor law requirements on employers (California has some of the most notorious anti-business laws in the nation). So the Governor has said he will veto the package, and while he specifically avoided opining on the issue of the illegal votes to increase taxes, we’ll take the veto as a victory for taxpayers this round. That said, it is rather oxymoronic to say that you want to have… Read More