Mexico President Sends Firefighters to Help with Los Angeles Fires

 

https://ktla.com/news/local-news/mexico-sends-firefighters-to-los-angeles-to-help-battle-wildfires/

Gov.. Brown negotiates massive tax cuts for corporations- no job growth

Gov. Brown arranges last minute  tax cuts mostly for corporations.   Really ?  That is the budget problem? I thought the problems included cutting 4.5 billion from K-12 schools, laying off tens of thousands of teachers,  forcing cities and counties to lay off police, and firefighters.  Underfunding local services so that parks are closed and garbage not picked up.

One Response of the California Budget Project

Statement: Jean Ross on Tax Deal Announced by Governor Brown "The California Budget Project strongly opposes the last-minute tax deal announced by the Governor today. This agreement not only makes major changes to the state's tax system in the final hours of the legislative session without an opportunity for public review and comment, but it also provides costly new tax breaks at a time when the Governor's Department of Finance projects budget deficits into the foreseeable future. "The Governor's proposal suffers from what the California State Senate's Office of Oversight and Outcomes called the 'blank check effect,' in a report issued this morning. This report noted: 'Tax expenditures, unlike direct spending, can balloon far beyond initial expectations with little notice or control.' While recent corporate income tax collections suggest that the cost of elective single sales factor apportionment, also enacted as part of a last-minute deal, will far exceed the initial February 2009 estimates, the proposal announced today replaces one flawed policy with another. Although the proposed tax deal strives for revenue neutrality, last-minute drafting and the lack of public review could very well result in policies that will cost the state far more than initial estimates suggest.

New taxes needed for firefighting and schools

Even though residents in the foothills turned out to denounce health care reform, today they are benefitting from the work of a socialist project, state tax funded firefighters and equipment. Governor, tea baggers, are you listening? The Sacramento Bee on Sunday has an editorial on the positive aspects of the state economy. A problem with this analysis is that only part of the California and U.S. economy are showing signs of improving – the corporate finance sector. There is no evidence of a growth in jobs. So, we probably are headed for another job less recovery in which the well off will profit. What caused this economic crisis ? Major banks and corporations looted the economy creating an international meltdown. Now, they have been rewarded with bail out money. We have cuts in parks, nurses, libraries, .School children did not create this crisis. Foster care children did not create this crisis.

Meanwhile the anti tax crowd roars, - No 
New Taxes. I hope that they do not live in a fire zone.
This is not just another business cycle, this Great Recession is different. Read, “No Return to Normal”, by James Galbraith in the Washington Monthly.
Or his new book, The Predator State: How Conservatives abandoned the Free Market and Why Liberals Should Too.