Post by The Big Dog on Aug 18, 2008 18:37:58 GMT -5
Republicans in the Legislature successfully blocked a proposed budget Sunday night. While given that the state has been without a budget for 49 days might be seen as a bad thing, the fact that it failed to come anywhere near a two thirds majority should sound alarm bells and give the whiff of something being rotten in Excremento.
What isn't mentioned, terribly well anyway, is that the Democrat majority's proposal raised taxes to paper over the current deficit and actually added more than $10 billion in new spending.
Now really, who in their right minds would propose new, additional spending on top of an already deficit situation?
Assembly Democrats' budget bill fails
Matthew Yi, John Wildermuth, Chronicle Staff Writers
Monday, August 18, 2008
A revised budget proposal by Assembly Democrats failed Sunday night in the lower house of the state Legislature during an unusual weekend session that quickly morphed into nearly five hours of finger-pointing that didn't end the 48-day budget stalemate.
The 45-30 vote fell well short of the 54 "yes" votes needed to satisfy the two-thirds majority required. And the lengthy session gave no indication the Democrats would get additional Republican votes needed to pass their spending plan.
<< snipped >>
Democrats presented what they billed as a compromise proposal that would close the state's $15.2 billion budget gap with a combination of tax increases and spending cuts.
"Nothing in this budget is easy," said Assemblyman John Laird, D-Santa Cruz. "I believe the cuts go too far in some instances, and I'm unhappy to see the reinstatement of the higher corporate tax rate and other taxes. But no one has put together a plan to balance the budget without significant new revenues."
But Republicans, holding tough to their "no new taxes" pledge, said the plan to raise $6.7 billion in new revenue by boosting taxes on Californians with taxable income of $321,000 or higher, increasing the corporate income tax and suspending some business tax breaks was never going to pass.
The proposed budget "runs the risk of putting California on the brink of bankruptcy, along with many of its citizens and businesses," said Assemblyman Roger Niello, R-Fair Oaks (Sacramento County). "We have a $15 billion deficit, thanks to the irresponsible budget choices by Democrats in this Legislature, spending on new programs and bigger government."
Matthew Yi, John Wildermuth, Chronicle Staff Writers
Monday, August 18, 2008
A revised budget proposal by Assembly Democrats failed Sunday night in the lower house of the state Legislature during an unusual weekend session that quickly morphed into nearly five hours of finger-pointing that didn't end the 48-day budget stalemate.
The 45-30 vote fell well short of the 54 "yes" votes needed to satisfy the two-thirds majority required. And the lengthy session gave no indication the Democrats would get additional Republican votes needed to pass their spending plan.
<< snipped >>
Democrats presented what they billed as a compromise proposal that would close the state's $15.2 billion budget gap with a combination of tax increases and spending cuts.
"Nothing in this budget is easy," said Assemblyman John Laird, D-Santa Cruz. "I believe the cuts go too far in some instances, and I'm unhappy to see the reinstatement of the higher corporate tax rate and other taxes. But no one has put together a plan to balance the budget without significant new revenues."
But Republicans, holding tough to their "no new taxes" pledge, said the plan to raise $6.7 billion in new revenue by boosting taxes on Californians with taxable income of $321,000 or higher, increasing the corporate income tax and suspending some business tax breaks was never going to pass.
The proposed budget "runs the risk of putting California on the brink of bankruptcy, along with many of its citizens and businesses," said Assemblyman Roger Niello, R-Fair Oaks (Sacramento County). "We have a $15 billion deficit, thanks to the irresponsible budget choices by Democrats in this Legislature, spending on new programs and bigger government."
What isn't mentioned, terribly well anyway, is that the Democrat majority's proposal raised taxes to paper over the current deficit and actually added more than $10 billion in new spending.
Now really, who in their right minds would propose new, additional spending on top of an already deficit situation?