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Posts with the tag taxes - August 2008
One of the most important but so far overlooked narratives of this election cycle is the return of taxes as a major political issue. The recession is hitting government budgets just as that same downturn, combined with soaring gas prices and global warming is creating demand for new spending.
Against this backdrop conservatives are now convinced that their way out of an ugly election cycle is to rally the public behind their rabid anti-tax politics. Constant attacks on Obama as a tax-raiser are partly to blame for McCain's recent rise in the polls.
And here in the states Republicans are again turning to the tax revolt, their bread and butter for 30 years. Republican intransigence on the California budget is best seen as part of this national strategy to break Democrats on the tax rack. Read More »
Against this backdrop conservatives are now convinced that their way out of an ugly election cycle is to rally the public behind their rabid anti-tax politics. Constant attacks on Obama as a tax-raiser are partly to blame for McCain's recent rise in the polls.
And here in the states Republicans are again turning to the tax revolt, their bread and butter for 30 years. Republican intransigence on the California budget is best seen as part of this national strategy to break Democrats on the tax rack. Read More »
It's 1995 all over again, as Republican-induced government shutdowns are all the rage. Congressional Republicans are planning a shutdown in September if they don't get their way on drilling, which looks to be their core electoral strategy going into November.
Here in California the possibility looms as Republicans show no sign of budging on the budget. Saturday is the deadline for adding propositions to the November ballot, and as most budget solutions proposed have involved going to voters - whether it's Arnold's lottery bonds, his sales tax plan, or the Republicans' spending cap demands, the deadline becomes all-important: Read More »
Here in California the possibility looms as Republicans show no sign of budging on the budget. Saturday is the deadline for adding propositions to the November ballot, and as most budget solutions proposed have involved going to voters - whether it's Arnold's lottery bonds, his sales tax plan, or the Republicans' spending cap demands, the deadline becomes all-important: Read More »
A few months late and several billion dollars short, Arnold has finally gotten around to making a serious revenue proposal - a 1 cent increase in the sales tax for a duration of three years. The SacBee reports this is expected to raise around $4 to $5 billion.
Not one to offer a solution without strings, Arnold insists that this would only happen in exchange for "long-term budget fixes" such as a rainy-day fund. A rainy day fund is a good idea but that needs to come AFTER we fix the structural revenue shortfall. Read More »
Not one to offer a solution without strings, Arnold insists that this would only happen in exchange for "long-term budget fixes" such as a rainy-day fund. A rainy day fund is a good idea but that needs to come AFTER we fix the structural revenue shortfall. Read More »
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