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Thanks to Arnold, California is in a Great Depression. Can it get worse?
"The Tax Foundation announced this week that California has the second worst business tax climate of the 50 states, with only New York more hostile to employers. Congratulations, but it gets worse. If a pair of ballot measures pass next week, the Golden State could soon take the tax lead and make even Albany look like Hong Kong.
Proposition 24 would raise $1.3 billion of new taxes on businesses, while Proposition 25 would allow the state legislature to pass budgets and tax increases with a simple majority vote, instead of the current mandated two-thirds supermajority."
The voters of California are about to assure economic disaster for a generation. Higher taxes, bigger budgets, fewer jobs due to the lack of expected and promised tax credits for small business.
California has one of the two worst business climates in the country--thank you Arnold, thank you Democrats and thank you voters who vote for bonds, tax increases and demand government allow us fewer jobs.
We have done this to ourselves.
More...
"The Tax Foundation announced this week that California has the second worst business tax climate of the 50 states, with only New York more hostile to employers. Congratulations, but it gets worse. If a pair of ballot measures pass next week, the Golden State could soon take the tax lead and make even Albany look like Hong Kong.
Proposition 24 would raise $1.3 billion of new taxes on businesses, while Proposition 25 would allow the state legislature to pass budgets and tax increases with a simple majority vote, instead of the current mandated two-thirds supermajority."
The voters of California are about to assure economic disaster for a generation. Higher taxes, bigger budgets, fewer jobs due to the lack of expected and promised tax credits for small business.
California has one of the two worst business climates in the country--thank you Arnold, thank you Democrats and thank you voters who vote for bonds, tax increases and demand government allow us fewer jobs.
We have done this to ourselves.
More...