More than 15.99 billion needed for California

Can you believe it! Well let’s call it $16 billion because it is somewhere in that vicinity anyway.
The past has brought us more than 99 tobacco tax increases for budget revenues in the USA.
California never passed one since the $0.87 cent cigarette tax fell from 3rd to 33rd place in the country where it is a new found changer banning smoking in restaurants, bars, and other public campaigns.

California’s Super majority!

It takes a super majority to pass the tax laws and California hasn’t got a strong enough one. Proposition #29 a tobacco tax headed for cancer and disease research would raise the $735 million in the first year.
What about a W9 form? or what about mileage allowance for drivers on business?

“Most other places have a simple majority, and I think a two-thirds majority is a hurdle even for something seemingly as popular as a tobacco tax.”

Jerry Brown Said …

Four months ago the California governor said that he could raise $3.5 billion dollars and today that isn’t happening.

He will unveil his newer budget and help to explain what other cuts will have to take place. There is a $2 billion above board spending situation happening now in California.

His very own comrades and the federal government have blocked his efforts.

More than a million jobs have foundered since the last 5 years have passed and he is still trying to figure out what to do about it.

He has problems with state sales levies and high income tax as it is.
Jerry can be seen on You Tube as of May 12, 2012:

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Tax jump – Can you believe it?

Well sixteen-billion more in tax isn’t just a little jump, it’s a big jump.
The dear governor of California, Jerry Brown wants cuts in state spending as of Monday as per the Saturday You-Tube video.

Good old Brown’s January budget projected a $9.2 billion deficit for the fiscal year 2012 starting July 1, 2012.

Lower tax receipts and lowered spending cuts rejected by the fed’s and the courts, have changed the difference.

California’s 16 billion deficit

This is a lot bigger than expected a few months ago and will cause cuts to public safety and November’s school funding. The upsurge has come due to federal requirements as well as lawsuits blocked billions of $$$ in state cuts.

“This means we will have to go much farther and make cuts far greater than I asked for at the beginning of the year,” Brown said in an online video. “But we can’t fill this hole with cuts alone without doing severe damage to our schools. That’s why I’m bypassing the gridlock and asking you, the people of California, to approve a plan that avoids cuts to schools and public safety.”

Brown will present

On Monday a budget proposal starting in July for the next fiscal year. The big surprise is how to eliminate the deficit. Here’s the secret…SSHHHH

“Facebook could and most likely will bring in $12 billion when it gets launched next week, Thursday and then on Friday depending on how the shares will trade.”

California’s personal tax revenue as of April, is $2.4 billion lower than expected.

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