Calif. Budget To Be Buoyed By Voter-Approved Tax Hikes

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SACRAMENTO — After years of double-digit deficits and billions in budget cuts, California’s fiscal outlook is looking brighter. Gov. Jerry Brown on Thursday will propose his third budget since reclaiming the governor’s office. It’s expected to be the first time in many years that the nation’s most populous state does not face drastic budget cuts. […]

Despite Deal, Taxes To Rise For Most Americans

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WASHINGTON — While the tax package that Congress passed New Year’s Day will protect 99 percent of Americans from an income tax increase, most of them will still end up paying more federal taxes in 2013. That’s because the legislation did nothing to prevent a temporary reduction in the Social Security payroll tax from expiring. […]

During Discussions Over Fiscal Cliff Groups Say: Tax Them, Not Us

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WASHINGTON – A big coalition of business groups says there must be give-and-take in the negotiations to avoid the “fiscal cliff” of massive tax increases and spending cuts. But raising tax rates – a White House priority – is out of the question, the group adds. The homebuilding industry says it won’t tolerate even a […]

Field Poll: Voter support for Brown tax hike dips

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SACRAMENTO – Gov. Jerry Brown’s November tax increase initiative has only slim support with likely California voters, with just 51 percent backing it and 38 percent opposed, according to the results of a Field Poll released Thursday. A rival tax initiative to fund schools remains below the critical 50 percent threshold. It’s the second public […]

Health Care Tax Penalty to Hit Nearly 6 Million Uninsured People

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WASHINGTON – Nearly 6 million Americans – significantly more than first estimated- will face a tax penalty under President Barack Obama‘s health overhaul for not getting insurance, congressional analysts said Wednesday. Most would be in the middle class. The new estimate amounts to an inconvenient fact for the administration, a reminder of what critics see […]

Calif. Ballot Could Be Crowded With Tax-Hike Plans

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SACRAMENTO – Proponents of a millionaire’s tax said Monday they would immediately begin collecting signatures for a November ballot initiative to raise income taxes on California’s wealthiest residents, even as Gov. Jerry Brown and another group push their own tax-hike campaigns. The California Federation of Teachers and the Courage Campaign are among the groups backing […]

Poll: Sales Tax Hike Will Be Challenge For Brown

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SACRAMENTO – More than two-thirds of California’s likely voters say they favor Gov. Jerry Brown’s proposed ballot initiative to raise taxes as a way to stabilize state finances, but a near equal proportion say they strongly disagree with a key element of that plan, raising the statewide sales tax, according to a poll released Tuesday. […]