Feb 06 2012

Who is Bankrolling Governor Jerry Brown’s November Tax Initiative?

Share

Gov. Jerry Brown discusses the cuts he has already made to help reduce the state’s budget deficit as he unveiled his proposed $92.5 billion 2012-13 state budget at a Capitol news conference in Sacramento, Calif. While most other governors are proposing tax cuts and letting temporary tax increase expire, Brown is trying make the case for boosting taxes on the wealthy and the state sales tax

California Governor Jerry Brown reports that he has raised $1.7 million for his November tax increase initiative.

Gov. Jerry Brown’s campaign reported Tuesday that it has raised $1.7 million for his proposed November ballot initiative to raise California’s sales and income taxes temporarily to help solve the state’s ongoing budget deficits.

The largest donor was the California Hospitals Committee, which gave $500,000. A building trades union, the American Beverage Association and Occidental Petroleum each gave $250,000 to the campaign, which is still collecting signatures to qualify for the November ballot. Several American Indian tribes and affiliated groups also made contributions.

In all, the committee raised $1.2 million in 2011, according to campaign finance reports filed Tuesday with the secretary of state’s office. Brown’s campaign has reported taking in another 500,000 in January.

Here is the list.

Scott Lay over at the Nooner has a handy-dandy list that shows the big donors and their stake in increasing California sales taxes for everyone and income taxes for the “rich” – of course temporarily.

  • California Hospital Association – $500,000 (opposes health insurance rate regulation – AB 52, Medi-Cal reimbursement cuts)
  • Gaming tribes – $375,000 (interested in compact renewal)
  • American Beverage Association – $250,000 (opposes soda taxes – AB 669 last year)
  • Occidental Petrolium – $250,000 (opposes oil severance tax)
  • KP (Kaiser Permanente) Financial Services – $250,000 (opposes health insurance rate regulation)
  • State Building Trades Council – $250,000 (wants high speed rail)
  • Blue Shield of California – $100,000 (opposes health insurance rate regulation)

So, what does Governor Brown propose to do?

The Democratic governor wants to ask voters to raise the statewide sales tax by half a cent for four years and boost the income tax rate on those making $250,000 or more a year by as much as 2 percentage points for five years. The extra revenue would go toward K-12 education and to counties, primarily for housing lower-level offenders who used to be sentenced to state prison but are now going to county jails.

Early polls have shown support for this measure.

I mean, after all, a 1/2 cent increase in the sales tax is not likely to break anyone. And, the rich, who cares about them anyway – because they are rich.

Brown and the Dems will spin the campaign and instead of cutting back spending to balance the California State Budget, they will pass this measure with $ millions of campaign ads. They will warn about the schools and our “kids” being dramatically short changed, while kicking the financial armageddon of California down the road.

In the meantime, California special business interests will fund this nonsense, since they know what the Democratic Legislature and governor can and will do to them, if they do not pony up the campaign cash.

Save up your pennies, Californians, a tax increase is coming – remember it is only temporary!

Share

1 ping

  1. […] Who is Bankrolling Governor Jerry Brown’s November Tax Initiative? » Flap’s Califo… – Who is Bankrolling Governor Jerry Brown’s November Tax Initiative? #catcot #tcot […]

Leave a Reply

Your email address will not be published.