Gov. Brown started of 2012 by saying “I am going directly to the voters because I don’t want to get bogged down in partisan gridlock.” He did, and voters passed the first broad scale tax increase in memory. In addition, the state’s economic recovery and prior budget cuts combined to bring a possible end to […]
After President Obama’s inauguration and Rick Santelli’s infamous rant on CNBC in February of 2009, disgruntled conservatives began raucous protests in opposition to bank bailouts, taxes, and what they perceived as the over-intrusiveness of the federal government. The tea party surge helped the GOP take back control of the HOuse in 2010 midterm elections. However, […]
Governor Jerry Brown addresses Maddy Associates at a luncheon in August 2011. ORIGINAL AIR DATE: JULY 11, 2012
In January, Gov. Brown projected a $9.2 billion shortfall in the State Budget. When the May Revise, capturing April’s tax receipts, came out, however, voters were told projected deficit has swelled to $5.2 billion. The dilemma has become a familiar pattern in California, where the state relies heavily on income taxes that go up and […]
