Monday, July 30, 2012

California Democratic Party endorses Jerry Brown tax initiative

The party's executive board voted to endorse Proposition 30 at a weekend meeting in Anaheim. - Sacramento Bee

The party's executive board voted to endorse Proposition 30 at a weekend meeting in Anaheim. The measure would generate an estimated $8.5 billion in revenues assumed in the current state budget by temporarily raising income taxes on high earners and enacting a quarter percent hike in the state sales tax.

From the comments: What a surprise! Dems endorse tax encreases! Wow. Forget about about spending costs, pension refrom, and job creation.