Three Tax Initiatives Qualify – Will they be Placed Back to Back to Back on the Ballot?
Governor Jerry Brown’s income tax/sales tax increase measure, civil rights attorney Molly Munger’s income tax increases for schools, and hedge fund manager Tom Steyer’s tax increase aimed at multistate corporations all qualified for November’s election the same day. One political issue pundits have kicked around this initiative season is will the appearance of three tax […]
California’s Bad Bet Makes JPMorgan’s Look Minor
Crossposted on Bloomberg Congress ordered JPMorgan Chase & Co. (JPM)’s chief executive officer, Jamie Dimon, to testify about $2 billion that his bank lost on an investment bet. Worrisome as that gamble was — after all, the banking crisis was largely due to bad bets by banks — it is unfortunate that Congress has never […]
Budget Proposal Puts Taxpayers In A No-win Situation
Crossposted on Redding Record Searchlight The way to move forward and restore California to greatness is by creating jobs. Most people agree with this principle, and even Democrat Legislators give the concept lip service. Unfortunately, the decisions made over the years by the Legislature have only deepened our economic troubles and contributed to California’s chronic […]
Pension Reform a Must for City of Los Angeles
Two weeks ago, the voters in San Diego and San Jose, the second and third largest cities in California, overwhelmingly passed measures to reform their pension plans for city employees. On the heels of these two votes, Mayor Antonio Villaraigosa directed Chief Administrative Officer Miguel Santana to immediately begin discussions with the City Council on […]