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Since October the California Political News and Views has advertised the secret plan of the Governor to call a special session of the legislature in late January or early February to deal with the $36 billion deficit (the real, complete number).
Today his office announced the special session will be called in a few days. But there is a twist.
It is being called at this time to get the YES vote for a tax increase by Senator Abel Maldonado. "Politically, the time line is critical because the emergency session will unfold as lawmakers consider the politically charged confirmation of Schwarzenegger's choice of Sen. Abel Maldonado, R-Santa Maria, for lieutenant governor. Maldonado will automatically become lieutenant governor unless the Assembly or Senate rejects his nomination before Feb. 22. Is confirmation date could be accelerated if both houses confirm Maldonado before that date." The Guv and Democrats need the vote of Abel to increase taxes--plus two other GOP Senators and three GOP'ers in the Assembly. Assemblyman Anthony Adams, who survived a Recall attempt, stated to the Pasadena Star News that he would vote for what "what is needed for the State, regardless of personal consequences". So Abel has to vote for the taxes, prior to February 22 if he wants the Democrats to confirm him.
What taxes are we talking about? "A series of corporate tax breaks that were scheduled to go into effect next year may be delayed by at least a year. The breaks, worth a total of about $1.7 billion, were negotiated as part of last year's budget to woo Republican votes for the spending blueprint, Capitol sources said. They include the elective single sales factor, tax credit sharing, and carrying back operating losses, but it was not clear whether all of those would be delayed.
Some temporary tax increases, negotiated earlier and scheduled to go out of effect, are expected to remain, sources said, although which ones were not certain. Those may include short-term hikes in vehicle license fees, temporary income tax hikes and a continuation of a 1-cent increase in the statewide sales tax. The latter, projected at about $6 billion, actually is worth about $5.2 billion a year because of the state's weak economy."
We were told that the sales and vehicles taxes would "absolutely" end on time. Do you believe the Governor lied to us?
Increased taxes, votes in exchange for confirmation, deficits so high Sacramento refuses to admit how high--California is in a Depression and it looks like the Capitol is going to pass policies and taxes to continue the slide into Third World Status.
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Today his office announced the special session will be called in a few days. But there is a twist.
It is being called at this time to get the YES vote for a tax increase by Senator Abel Maldonado. "Politically, the time line is critical because the emergency session will unfold as lawmakers consider the politically charged confirmation of Schwarzenegger's choice of Sen. Abel Maldonado, R-Santa Maria, for lieutenant governor. Maldonado will automatically become lieutenant governor unless the Assembly or Senate rejects his nomination before Feb. 22. Is confirmation date could be accelerated if both houses confirm Maldonado before that date." The Guv and Democrats need the vote of Abel to increase taxes--plus two other GOP Senators and three GOP'ers in the Assembly. Assemblyman Anthony Adams, who survived a Recall attempt, stated to the Pasadena Star News that he would vote for what "what is needed for the State, regardless of personal consequences". So Abel has to vote for the taxes, prior to February 22 if he wants the Democrats to confirm him.
What taxes are we talking about? "A series of corporate tax breaks that were scheduled to go into effect next year may be delayed by at least a year. The breaks, worth a total of about $1.7 billion, were negotiated as part of last year's budget to woo Republican votes for the spending blueprint, Capitol sources said. They include the elective single sales factor, tax credit sharing, and carrying back operating losses, but it was not clear whether all of those would be delayed.
Some temporary tax increases, negotiated earlier and scheduled to go out of effect, are expected to remain, sources said, although which ones were not certain. Those may include short-term hikes in vehicle license fees, temporary income tax hikes and a continuation of a 1-cent increase in the statewide sales tax. The latter, projected at about $6 billion, actually is worth about $5.2 billion a year because of the state's weak economy."
We were told that the sales and vehicles taxes would "absolutely" end on time. Do you believe the Governor lied to us?
Increased taxes, votes in exchange for confirmation, deficits so high Sacramento refuses to admit how high--California is in a Depression and it looks like the Capitol is going to pass policies and taxes to continue the slide into Third World Status.
More...