Brown signs budget day before fiscal year begins
By Kevin Yamamura, Sacramento Bee
After a veto fight with his own party and unresolved differences with Republicans, Gov. Jerry Brown signed an on-time $85.9 billion spending plan Thursday that slashes higher education and the safety net while relying on a windfall of tax revenues.
Besides a February 2009 budget that was $24 billion out of whack that same May, the plan Brown signed Thursday was the state’s earliest since 2006. Democratic lawmakers relied on new voter-approved powers that enabled them to pass a budget with majority support rather than two-thirds.
Since talks with Republicans died over the weekend, GOP leaders have declared victory by blocking tax extensions and allowing taxes on vehicles and sales to fall Friday as 2009 rates expire. They celebrated Thursday by holding a press conference at Downtown Ford.
Democrats were measured in their response, bemoaning the program cuts but saying it was the best package they could construct without Republican support. Brown chose not to have a public signing ceremony Thursday, signing the budget bills behind closed doors.
Brown and Democratic leaders have vowed to pursue a 2012 ballot initiative asking voters to reinstate those tax hikes. One of the budget bills, Assembly Bill 114, lays the groundwork for such a measure, setting terms for a retroactive $2 billion school repayment should voters reject taxes or the ballot proposal never materialize.
I heard Amazon is pulling out of CA because of a state tax mandate Amazon has refused to comply with, if so, who does this affect the CA sellers on Amazon or buyers who live in CA?
Amazon should set up their headquarters in Switzerland, it only takes a PO Box, and then pay only half of the income tax that the U.S. requires. Many, many very large companies have done it, and it is perfectly legal!
Funny. Threaten to withhold legislators’ paychecks and all of a sudden they start producing.
But as usual, California is cutting its own throat. Online businesses, as well as brick and mortar ones, will be leaving in droves. Come to think of it, most of the productive citizens will start leaving. Only the welfare recipients and government employees will remain soon.