Showing posts with label california budget deficit. Show all posts
Showing posts with label california budget deficit. Show all posts

Thursday, November 06, 2008

Why Golfers Get No Respect

California Gov. Arnold Schwarzenegger today called for a temporary 1.5-cent increase in the state sales tax to help close an $11.2 billion deficit in the state budget.

Best reaction so far:

"It is patently unfair to single out California's golfers, who already pay a fair share of taxes, and expect them to assume a disproportionate share of the revenue needed to close the state's budget deficit.

With courses suffering and golfers staying at home while the economy flounders, this is exactly the wrong time to deal a major blow to an industry that plays such an important role in California's economy."

—Bob Bouchier, executive director of the California Alliance for Golf

Tuesday, August 05, 2008

Street Economics Q3

As the depression worsened, Congress increased taxes across the board. The unintended result was decreased spending among consumers and businesses alike, and the country sank deeper still into the Great Depression.

-- Wikipedia

Gov. Arnold Schwarzenegger proposed during private negotiations over the weekend to close the state's $15.2-billion budget gap with a temporary but immediate one-cent hike in the state sales tax.

-- Los Angeles Times, Aug. 5, 2008