Wednesday, September 30, 2009

No Way- CA?

California gets flatter?  Zero corp tax? Feinstein and Davis in favor? Next cats will be playing with dogmas.

They may be motivated by the reality that California's steeply progressive tax rates are defeating the purposes of progressive government. To wit, only a growing economy can create opportunity for the middle class and enough state revenues to finance schools and health care for the poor. A tax code that depends on 1% of taxpayers, 144,000 filers, to finance 50% of state income tax revenues has proven to be unsustainable, notwithstanding the liberal dogma that says tax rates don't matter.












http://online.wsj.com/article/SB10001424052748704471504574443413742032356.html?mod=djemEditorialPage

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