Californians voted to increase taxes yesterday by passing Proposition 30. The measure raises taxes on the wealthy and hikes the state sales tax.

Democrats also gained a two-thirds majority in the California Senate, giving them the ability to pass tax increases and take other steps without the need for Republican votes.
CNN Money reported:

Californians approved a measure Tuesday that raises taxes on the wealthy and hikes the state sales tax. It is expected to bring in $6 billion a year, on average, over five years.

Proposition 30, which Governor Jerry Brown has lobbied heavily for, captured 54% of the vote. Its approval prevents massive budget cuts to the state’s public schools and universities.

Brown built the tax hike into his budget so its passage was critical. Among the hardest hit by the Great Recession, California has had to slash billions of dollars from its budget in recent years to close yawning deficits.

Taking a gamble, Brown went directly to the people with the tax measure this year after losing a battle with Republican lawmakers in 2011 to put the increase before voters.

The measure creates three new personal income tax brackets for rich residents and adds a quarter-cent to the sales tax. The higher tax rates, which hit single filers making $250,000 and up and married taxpayers earning at least $500,000, last for seven years, and push the top tax rate to 12.3% for filers earning $500,000 and above, or $1 million per couple.

The sales tax hike, which brings that levy to 7.5%, lasts for four years.

The tax increases cannot be changed or extended without voter approval.

Salon is very excited about the California results and sees great prosperity ahead for the Golden State.

 

 

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  1. ++

    that’s going to be hell of a costly earthquake..

    ==

  2. And if Mexifornia doesn’t collapse the system, Obowma has PR waiting in the halls..!!

  3. Good for them. Raise those taxes baby! Higher and higher! No worries.
    Brown has a plan! Obama has a plan! It is all theirs. California wanted it. They got it.

  4. “It is expected to bring in $6 billion a year, on average, over five years.”

    I imagine over five years the new tax will bring in less than 15 billion, and contribute to diminishing California’s economy.

  5. Witness the true power of a single party state with the public sector labor unions controlling EVERY politician!

  6. “The sales tax hike, which brings that levy to 7.5%, lasts for four years.”

    After which it will probably become permanent.

  7. The problem with California is that when the heat is on the liberals leave to places like WA state and possibly TX and they bring their liberal ideas with them.

  8. As a Californian, I can proudly say that my state holds the honor of housing the stupidest voters in the nation.

    The governor admitted that he lied when he said the money raised would go to the schools; the proposition itself said the money would go into the general fund.

    But people saw the TV commercials full of sad kiddies and said, “Those bad rich people need to pay their fair share!”

    Capital is mobile, beeyotches. Soon I’ll have enough to leave this cesspool, and then the illegals and West Side liberals can have it.

    I feel sorry for the rest of the nation, because Californians bring their insane voting habits with them wherever they go, fleeing that which they created and then creating it all over again in the new place where they settle down.

    Californian liberals should be quarantined.

  9. The American flag at the Follansbee McDonald’s is flying at half-staff and upside down today. Someone at the restaurant told one of our reporters this was “the owner’s decision.” What are your thoughts?

  10. #7 November 7, 2012 at 7:39 pm
    Male Silverback commented:

    WA starting becoming Californicated back in the 1970’s. The Welfare State parasites are close to finding a new host to infest soon.

  11. There is violence ahead my friends.

  12. How much of a tax break do those in the entertainment industry get in California? Will they be affected by this tax hike or will they get a pass like they do with federal taxes?

  13. Steven Greenhut: Who’s leaving the state, and why (re California)

    California is high on the list of states when it comes to the burden of other taxes and regulations, and its wasteful public services are not reformable because of union power.

    Business owners talk not just about the costs, but about harassment by myriad government tax and regulatory agencies that often treat them like criminals. Freedom is on the decline as government gains more authority to micromanage virtually everything. Just check out the kind of bills the governor is now signing into law. (I love Steve Breen’s cartoon, which says, “If you’re a Californian and want to start a small business, there are a number of different routes you could take,” as it depicts the various Interstate highways leading to other states.)

    Yet, Brown insists that California is still “the land of dreams.” And some academics say the talk about an exodus of Californians to other states is not true. In May, University of Southern California professor Dowell Myers argued that we shouldn’t believe “the tales of gloom. Californians aren’t fleeing.” The main problem, he wrote, is Californians don’t spend enough public money on schools.

    This is where I want to bang my head against the wall. There have been some reductions in per-pupil public school spending since 2008, given California’s budget problems. But these reductions come after massive spending increases in preceding years. Also, Prop. 98 mandates that 40 percent of the general fund goes to K-14 education.

    Schooling is so important, yet California’s leaders have been resistant to imposing the real reforms that will improve schools through competition and teacher testing – ideas that run afoul of the powerful California Teachers Association.

    Despite these delusions, productive people are leaving and they will do so more rapidly if this “just tax and spend more” advice is followed.

    READ ON.

    http://www.ocregister.com/articles/california-373219-public-state.html

  14. ot

    Christie: I campaigned harder than anyone for Romney

    http://www.nypost.com/p/news/local/christie_worked_harder_than_anyone_YP9C7BmI4nJTr3SdBuYhWO

    :lol: if I recall he never mentioned Romney but maybe once in the Convention speech.

    Don’t trust Cristie any longer.

  15. Tax the living crap out of those guys – serves them all right. Put the screws to them baby!

  16. #16 November 7, 2012 at 7:49 pm
    Patty commented:

    Don’t trust Cristie any longer.

    I never really did, especially didn’t after Ann Coulter started her very vocal crusade to get him to run for president.

  17. The skids are greased in Ca and In the Fed Gov’t – Gross Failure is now much closer



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