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Cracker Squire

THE MUSINGS OF A TRADITIONAL SOUTHERN DEMOCRAT

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Location: Douglas, Coffee Co., The Other Georgia, United States

Sid in his law office where he sits when meeting with clients. Observant eyes will notice the statuette of one of Sid's favorite Democrats.

Monday, January 31, 2011

So goes California, so goes . . . . - California Weighs Vote to Renew Tax Increase

From The Wall Street Journal:

California Gov. Jerry Brown on Monday will launch the opening salvo in his campaign to ask voters to help plug the state's $25.4 billion budget hole by extending temporary increases on income and sales taxes.

Mr. Brown decided against simply asking the legislature for the tax extensions, which would have broken a campaign pledge. His ballot measure would specifically propose a five-year extension of a temporary increase enacted in 2009 on personal income tax, sales tax and vehicle license fees.

In a poll last week from the Public Policy Institute of California, 53% of respondents approved of that plan, while 41% disapproved. If the tax extension fails, California's legislature will have to restart budget talks from scratch.

Whether Mr. Brown succeeds in getting his unusual tax-extension proposal put before voters will be scrutinized across the country, as governors and legislatures in other cash-strapped states face similar budget woes.

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