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Business & Economics PRESS ROOM |
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Balancing California's unwieldy budget
Submitted by Steven Greenhut on 1.31.2011
Gov. Jerry Brown's State of the State speech Monday night was pretty much what anyone should have expected, as the new governor championed his "tough choices" budget and pushed hard for its centerpiece: a public vote on controversial tax extensions.
Bankruptcy one of state's few options
Submitted by Steven Greenhut on 1.28.2011
Congressional Republicans "should be ashamed of themselves for even suggesting" bankruptcy as an option for California and other debt-plagued states, according to Sacramento Bee Capitol columnist Dan Walters.
Is Brown dodging pension reform?
Submitted by Steven Greenhut on 1.24.2011
At a League of California Cities event in Sacramento, Gov. Jerry Brown promised local officials struggling under the weight of pay and benefit costs that he would, indeed, put forward pension-reform proposals in the coming weeks.
The Acting Governor
Submitted by Steven Greenhut on 1.21.2011
As Arnold Schwarzenegger stepped down as governor of California, he could behold two dispiriting sights: a state struggling with structural budget deficits, just as it had struggled when he marched into office as a conquering action hero, and an approval rate just 1 point higher than his disgraced and recalled predecessor’s. As Arnold Schwarzenegger stepped down as governor of California, he could behold two dispiriting sights: a state struggling with structural budget deficits, just as it had struggled when he marched into office as a conquering action hero, and an approval rate just 1 point higher than his disgraced and recalled predecessor’s.
Brown targets corporate welfare
Submitted by Steven Greenhut on 1.19.2011
This really could be the beginning of the end for the state's redevelopment agencies, those noxious, corporate-welfare-enabling entities that have wreaked havoc on property rights in California since the 1950s.
Brown ignores state's competitiveness
Submitted by Jason Clemens on 1.12.2011
Gov. Jerry Brown's fiscal 2011-12 budget aims to close the state's projected $26.4 billion deficit with a combination of tax measures and targeted spending cuts. While a welcome change from gimmicks that only defer the problem, the budget ignores long-term competitiveness problems that plague the Golden State.
Better To Cut Payroll Tax For Employers
Submitted on 1.11.2011
As the clock wound down on 2010, President Obama signed into law the tax deal he struck with Republicans. One provision is a one-year, 2-percentage-point reduction in the employee portion of the Social Security payroll tax. This measure is supposed to reduce unemployment by boosting spending, but a more effective approach would have cut the employer portion of the tax.
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