a bit about CA and our budget probs.
"The proposed tax hikes include an increase of 1 cent on the dollar in the state sales tax, a 12-cent-a-gallon hike in the gasoline tax and boosting the vehicle licensing fee.
Taxpayers who owe money to the state at the end of 2009 would pay a one-time, 5 percent income tax surcharge, although it would drop to 2.5 percent if California gets its expected share of money from the federal stimulus bill.
Many of the tax hikes would remain in effect through the 2013-14 fiscal year if voters approve a cap on state spending. That deal is designed to limit opposition to the spending cap, which was sought by Republicans."
complete story here. What scares me is not only the tax hikes but the fact they say they are Temporary.....when has a temp. tax EVER been reversed??? They only hope we'll forget in 3 yrs. Taxing us more is not the solution to fixing our budget...it will drive more of us out of the state and drive businesses elselwhere.
http://cbs2.com/californiawire/22.0.html?type=local&state=CA&category=n&filename=CA--StateBudget.xml