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Highlights of California budget proposal
Posted: 02/12/2009 10:27:21 PM PST
Highlights of most recent STATE budget proposal
The most recent proposal to close California's $40 billion budget deficit continues to evolve. Lawmakers also are waiting to see how much federal money California will receive under the federal stimulus bill. Here are provisions in the latest budget proposal:
- Increases the state sales tax by 1 percentage point.
- Raises the fee for licensing vehicles to 1.15 percent of market value, up from the current 0.65 percent.
- Adds a 12-cent gasoline tax.
- Imposes a one-time, 5 percent surcharge on people who owe personal income tax at the end of 2009 to generate $3.2 billion. If the state receives more than $9.1 billion from the federal stimulus bill, the surcharge will be reduced to 2.5 percent.
- Reduces the amount taxpayers can claim on dependent care credit to the federal level of $100 instead of $300.
- Reduces education spending by $8.6 billion over two years.
- Imposes 10 percent cut to University of California and California State University systems.
- Continues furlough for 238,000 state workers, trims overtime pay and eliminates two paid state holidays.
- Cuts medical budget for the prison system by 10 percent.
- Eliminates annual cost-of-living increases for recipients of the state's welfare-to-work program.
- Eliminates cost-of-living increase for seniors and the disabled who are receiving Supplemental Security Income/State Supplementary Payment.
Originally posted by Dbriefed
Reduces the amount taxpayers can claim on dependent care credit to the federal level of $100 instead of $300.
Originally posted by sliceNodice
the Illuminati assaulting and corrupting people's values, morals, beliefs, and just about anything you can think of 6. communist news agencies, bad mouthing politicians on the state level8. women's rights 9. gay's rights 10. civil rights
Originally posted by groingrinder
reply to post by LostNemesis
NO, NO, NO, DO NOT TAX WEED!! If government legalized weed so that people could grow their own, the economy would be stimulated far beyond any of the government packages proposed thus far. People do not realize the amount of money that goes out of the country from people buying weed. Legalizing weed and releasing from prison those sentenced for possessing it would have immediate positive effects on the economy. BILLIONS of dollars would be inserted into the economy instead of going to Mexico and Columbia. Stoners love their toys. If they were not spending money on weed, they would be spending it on TV's, stereos, cars, RV's, trucks, boats, quads, and all kinds of stuff that is not selling good now because of the economy. The government does not need to tie up resources trying to tax, grow, dispense, or otherwise control weed. Just legalize it and get out of the way because the economy will explode so fast your eyes will bug out.
Originally posted by Holly N.R.A.
As for what is going on in CA with the cuts and all, I grew up there. Before the influx they have now of illegals, in my time there were less and it was much different. Nothing against the idea of their coming north looking for better opportunities, but there should be stipulations on them paying taxes like the rest of CA's citizens, as well as the amount of money they can send back to Mexico. They should also be required to become US citizens if they are working here for any longer than 6 months. Compassion for the immigrant is all well and good...but if you live here, you no longer belong to the country you left after that time...period.