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Articles Tagged: "Tax Increase"

Tax Increase

OPINION: Promise expired: Obama budget tax hikes hit “nearly every income level”

Ed Morrissey of Hot Air reports on the findings of a new study by the non-partisan Tax Policy Center showing that while 86% of the tax increases in President Obama's new budget would be borne by people earning $200,000 or more a year, some people earning between $100,000 and $200,000 a year would also pay about $150 more, while some earning less than $100,000 a year would pay less than $100 in additional taxes.

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Filed Under: News

EDITORIAL California Just Can't Give Up Its Tax-And-Spend Ways

Katherine Timpf of Investor's Business Daily talks about the dozens of bills that have been introduced since the Democratic supermajority gained power in November which take aim at residents' cash, despite repeated promises of frugality from party leaders.

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Filed Under: News

OPINION: California’s New Taxes Are Paying for Pensions

Dave Crane of Bloomberg reports just four months after the passage of Proposition 30, who's title began with "Temporary Taxes to Fund Education", the state’s Legislative Analyst’s Office has announced that the California State Teachers’ Retirement System requires an extra $4.5 billion a year for 30 years to cover its unfunded liability and that the money will have to come from the school districts and the state.

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EDITORIAL: Prop. 30? Who Cares? Tax-Hike Fever Is Back

Union Tribune's editorial criticizing Sacramento lawmakers who promised voters they would be spared any new push for higher taxes after Proposition 30's passage, only to push for a variety of new fees and taxes in the form of more than two dozen bills sent before the Legislature.

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NEWS: California bills seek range of fees, taxes

The Sacramento Bee reports more than two dozen bills introduced in the current session, take aim at Californians' pocketbooks. Taxes, fees or other charges are proposed for soda pop and sweet tea drinkers, motorists, gun owners and people who frequent strip clubs, buy prepaid cellular phone minutes, or use paper or plastic shopping bags.

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