Comments on: California Faces Massive Deficit, Likely to Raise Taxes

By: What do State Tax Hikes Mean for You? « RapidTax Blog

What do State Tax Hikes Mean for You? « RapidTax Blog — Fri, 05 Jun 2009 21:27:22 +0000

[...] facing unprecedented budget deficits, as sales, real estate, and income tax revenue evaporate. From California to New Jersey are raising taxes, cutting benefits, and scrambling to borrow the money they need to [...]

By: JBruce

JBruce — Thu, 21 May 2009 16:49:20 +0000

Everybody complains about taxes.

Politicians (especially Republicans) complain about “tax and spend”. Few, however, complain about “spend”, though — at least not when Government spending benefits them. I’m one of them: I sure don’t want cuts in Social Security, police and fire protection and the State University system, which employs me.

Well, you get what you pay for and, at some point, you have to pay for what you get. The proposed cuts in the California budget will be painful. Many, in the long run, probably will be stupid, especially cuts in the education budget. At least this time around California will raise income taxes rather than sales taxes — spread the burden more equitably.

By: Attract Prosperity

Attract Prosperity — Thu, 21 May 2009 13:24:06 +0000

When the people speak the leaders must listen.

We need to take a cue nationally and begin the same type of process.

By: Kelvin Kao

Kelvin Kao — Thu, 21 May 2009 07:44:16 +0000

I understand that Californians don’t want their (well, our) programs to be cut, and we don’t want to pay more taxes either… but the money has got to come from somewhere. I personally think cutting the school year one and a half week shorter has the least overall impact (of course, it’s all relative) on the quality of service while saving money, so I support that.

But either way, there will be cuts, and perhaps tax increases. Money isn’t just going to magically appear, so things will happen whether we like it or not.