California Governor Jerry Brown said the state’s residents should be given the chance to decide whether to extend tax increases to limit budget cuts, calling Republican opposition to a vote “unconscionable.”
‘‘Higher taxes didn’t solve the problem two years ago and it won’t solve it now,” said Senate Republican leader Bob Dutton. “Taxpayers already said no to a two-year tax extension in 2009. Why would they now vote to tax themselves for five more years?”
While opposed by Republicans, Brown’s call for a special election has the support of two-thirds of Californians. In a Public Policy Institute of California poll released Jan. 27, 67 percent said it’s a good idea to let voters decide whether to extend the tax and fee increases, and the lower dependent exemptions.
I think we need to cut all spending to a point that we can pay down the debt and start paying our way.
California shares with Illinois the lowest credit rating of any state from Moody’s Investors Service. The A1 grade is Moody’s fifth-highest. Standard & Poor’s rates California A-, its fourth-lowest level for investment-quality securities.
This sucks. We can get out of this, we need to curb spending. This takes guts, but someone has to do it.—–Paul Schrader