From the time I first proposed what I believe to be a balanced approach to our budget deficit--both cuts and a temporary extension of current taxes--dozens of groups affected by one or another of the proposed cuts have said w should cut somewhere else instead. Still others say we should not extend the current taxes but let them go away. So far, however, these same people have failed to offer even one alternative solution.
Wherever I look, I see difficult choices. But I also see a bright future up ahead and a California economy that is on the mend.
Our economy is diverse, whereas our tax system is not; 144,000 taxpayers pay almost 50% of all personal income taxes. Now, think about that--38 million Californians have to rely on 144,000 people for their schools, their public safety and so many other services. That makes absolutely no sense.
Now, here is what we need to accept. Our economy is 21st century and our tax system is 20th century. It is stuck in the wrong century.
The Tax Reform Commission proposed major, radical reforms. Now, some people right away said they are too bold and thu they would be too hard to enact. Now, what do they mean too bold? Bold is what we do in California. And what do they mean too hard? If I had hesitated in my career every time I made a move because it was too hard, I would still be yodeling in Austria.
|2016 Presidential contenders on Tax Reform:|
Mayor Rahm Emanuel(IL)
2016 Third Party Candidates:
Mayor Michael Bloomberg(I-NYC)
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