I have a question. I mean this in all sincerity. I ask it without intending a drop of cynicism. My question is this: How do tax increases create jobs?
The question is prompted by the governor’s news conference on August 25. It is no secret that California has a serious jobs problem. Our unemployment rate is the second highest in the nation, and that understates the problem as our jobless rate does not include (1) those who have given up searching for jobs, and (2) those who are underemployed and seek full time work but cannot find it because of our anemic economy. Persistent joblessness destroys our economy, our communities, and our families. For that reason, the governor and Democrat leadership have promised to focus on the jobs problem in the last two week of the legislative session.
It is about darn time. The GOP months and months ago proposed dozens of pro-jobs and pro-economic growth bills. But, as I detailed in my last column, the Democrats killed all of those bills. And now they want to focus on jobs? Welcome to the issue, guys. Better late than never.
Except maybe not so, which brings me back to taxes. The governor and Democrat… Read More