Sports Betting Could Lead to More Govt. Spending. How About Tax Relief?
I’ll bet there are a number of legislators and interest groups already calculating how they’ll spend new tax revenue now that the United States Supreme Court has ruled that states can approve sports betting. Let’s not count those dollars just yet. If and when the tax money comes maybe it shouldn’t be added to current […]
Newsom Is Winning With NRA Lie
Gavin Newsom should be delighted at all the media people who keep calling him a liar. Because of the context of the lie. In some versions of a TV ad, Newsom’s campaign claimed he was the first politician to take on the National Rifle Association and win. He wasn’t the first—that’s the lie. But who […]
Californians Deserve Balanced Climate Policies That People Can Actually Afford
In a recently published interview, Paul Hawken, an environmentalist, and Executive Director of Project Drawdown, a global coalition of researchers, scientists, and economists that models the impacts of global warming, made a spot-on observation about the pitfalls of seeking a simple, single solution to climate change. Hawken observed that “people who are earnestly guiding us […]
Read Gov. Brown’s Budget
State budgets are never perfect. That’s because they employ cash-basis budgeting, which excludes accrued but unpaid expenses. (That’s how states are able to record surpluses when under generally accepted accounting principles they would record deficits.) The unrecorded expenses automatically turn into unfunded liabilities that, with interest, must be paid off down the road. But Gov. Brown’s document makes clear what cash-basis budgets do not: billions […]