Posted by Jon Fleischman at 12:00 am on Jul 11, 2008 Comments Off on What is it about the figure $9 billion?
Is there something special about the figure $9 billion, other
than it is a huge amount of money?
Well, it has been a popular figure this week — and a potentially
expensive one for Californians.
Earlier in the week, the liberal Democrats who dominate the
California legislature held a press conference and announced that
in order for California to be a state worth living in (or words to
that effect), we all need to embrace $9 billion in new taxes.
Seriously.
I was proud that the immediate and strong response from legislative
Republicans was that this proposal was dead on arrival (fortunately
for taxpayers, the State Constitution requires a two-thirds vote of
each legislative chamber to raise taxes — how prescient).
Actually, I mused to one legislator friend that Republicans should
match the call by Democrats for billions in new taxes with a call
for an equal amount in tax cuts. Somebody somewhere is going
to start saying "let’s compromise" and I say the GOP position
should be such that the "middle" represents no additional taxation
on Californians.
I thought to myself that one… Read More