You might have heard that California’s state budget is very late this year. Indeed we are nearly three months into the current fiscal year.
Very reliable sources tell us that the reason for the delay is that CA Gov. Schwarzenegger, with the collaboration of the State Legislature, is blackmailing potential business supporters of Proposition 23, the California Jobs Initiative that would delay implementation of AB32. They are threatening these supporters with reprisals of special taxes and other punitive measures if they support Prop 23. But once the budget is passed, it is no longer possible to include these taxes in the budget. This is a big reason why the budget is late.
Don’t count on reading about this in media outlets in the tank for the administration and the Wall Street “financial engineers” positioned to profit from AB32.
The State of California must really want that AB32 money from the pockets of working people. To stoop to such political power maneuvers is out-and-out blackmail.
Proposition 23 is on the California ballot in November. It prevents AB32 from going into effect until such time that California’s unemployment level returns to a more reasonable 5.5% (it is now over 12%). If AB32 goes into effect next year, it will greatly increase energy costs and the price of everything made in the state that takes energy to make it, worsening an already depressed economy. Proposition 23 will save jobs, keep prices under control, and help prevent the further exodus of businesses and taxpayers from the state. Californians need to just vote their pocket books: Yes on Prop 23.
Please call or write the Governor’s Office and dare them to deny this. Let’s see if they will add lying and obfuscation to blackmail.













Comments
This is an important article. It makes sense, as the budget issues in previous years have usually been resolved more swiftly. I think it is essential that all Californians call/email and otherwise contact the state representatives to protest this bullying tactic.
Not to mention the cost to taxpayers of this intimidation. Every day we are without a budget puts us deeper in the hole.
In a Bee report I read today that the snag is over a tax loophole that is specifically denied to in state oil refiners, mining industries, agriculture, Cable television, and banking, but is allowed for any and all other businesses.
Special tax indeed.
http://blogs.sacbee.com/capitolalertlatest/2010/09/republicans-seeking-t...
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