Legislators push for higher taxes

CALIFORNIA

“They are afflicted with the nation’s highest sales and gasoline taxes, and a particularly punishing income tax. And still “progressives” both inside the state claim that California’s budget crisis — a looming deficit of $18 billion — is the result of too little tax revenue.

(This deficit figure doesn’t include the state’s pension liabilities totaling a stunning half-trillion dollars.)

As if devoid of economic rationality, state legislators have introduced more than a dozen proposals this year to hike taxes even higher — on top of the $12.5 billion tax increase imposed last year...”

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