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California governor Moonbeam calls for tax rises
 Its widespread housing collapse, deadlocked state government and perennial budget crises made California one of the whipping boys of the global financial crisis.But this week Jerry Brown, Democratic governor of the most populous US state, decided to hit back. California has problems, he conceded in his annual "state of the state" address, "but rumours of its demise are greatly exaggerated". In a punchy speech, Mr Brown reiterated his commitment to costly infrastructure projects, such as a statewide high-speed rail network. But he also implored voters to back temporary tax increases, which he said would restore the state's fiscal health. "With enough time, we ... should devise more permanent tax reform but for now we should finish the job of bringing spending into balance with revenues," he said. How about spending cuts to bring it more in line with revenue? See Illinois for a current example of Liberal spending/tax hike fail. Every tax increase is "temporary". Every single one... Posted by: DarthVader 2012-01-20 |
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