Gov. Brown Proposes Tax Increase On Wealthy To Meet Budget Shortfall

SACRAMENTO (CBS13) – Governor Jerry Brown announced a temporary tax increase on wealthy Californians and an increase in sales tax to help generate $7 billion in dedicated funding to go to education and public safety.

In a statement today, Governor Brown said cuts made in 2010 did much to reduce the state’s deficit, but said without additional revenues, state-funded services will continue to suffer.

“Schools have been hurt and state funding for our universities has been reduced by 25%. Support for the elderly and the disabled has fallen to where it was in 1983. Our courts suffered debilitating reductions.”

“The stark truth is that without new tax revenues, we will have no other choice but to make deeper and more damaging cuts to schools, universities, public safety and our courts.”

“That is why I am filing today an initiative with the Attorney General’s office that would generate nearly $7 billion in dedicated funding to protect education and public safety. I am going directly to the voters because I don’t want to get bogged down in partisan gridlock as happened this year. The stakes are too high.”

Brown’s plan, which he calls “straightforward and fair, includes a 2% tax increase on millionaires and high-income earners for five years. He said families making less than $500,000 will not see their income tax rise.

He also proposed a temporary ½ cent increase in sales tax.

Comments

One Comment

  1. Don't stop there Jerry says:

    Raise taxes on the hollywood elite !. Put a cap on Welfare and require those on welfare to submit to drug tests.

    1. nothingchanges says:

      “require those on welfare to submit to drug tests.” ABSOLUTELY !!!!

  2. bob bobster says:

    READ MY LIPS…………. NO NEW TAXES!…………….ANOTHER LIE FROM THE MOUTH OF THE GOVERNMENT EMPLOYEES……THAT ARE SUPPOSED TO WORK FOR US.

  3. moderatesense says:

    Right on “Don’t stop there Jerry”. But you know these tax increases won’t be temporary, but permanent. It is also ludacrious to spend as if the state was bringing in record revenue. How about spending/funding according to what revanues were earned. All those fat raises and pensions going to state and local government employees will have to be either put on hold or reduced to meet the governments budget. In tough times, everyone needs to “tighten their belt” so to speak, and stop whining!

    1. nothingchanges says:

      Come on moderatesense, This is an entitlement state. We take from the achiever’s and give to the lazy…….Thought you knew how it goes here on the left coast🙂

      1. Dan says:

        You mean we should make those who benefit the most pay the most. Of course those who benefit the most would rather continue exploiting those who benefit the least.

        Lets talk about entitlements shall we. Notice how they are only called entitlement when the money is being used to help the poor and destitute.

        Now when they are going to billionaires and corporations they are no longer entitlements they are called subsidies. Lets look at Exxon mobile. Now Exxon has earned record profits for 3 years in a row yet they’re still getting over 4 billion dollars a year in government subsidies.. Where’s all the outrage over those entitlements

        How about WalMart. Did you know the American tax payers actually subsides WalMarts profits by actually subsidising Walmarts work force. Yup thats right. WalMart is exploiting both the tax payer and their own employees simply to boast their over inflated profits. WalMarts wages are so low that over 75 percent of all WalMart employees are on some form of public assistance. That means even though they are working for a very profitable company that company doesn’t pay them enough to survive so instead of forcing Walmart to dip into those billions in profits to pay employees a living wage the tax payers support their employees for them.. Yup such a sweet con….

  4. BOB BOBSTER says:

    THE ROAD TAX MONEY COLLECTED ON FUEL AND LICENSE FEES ARE NOT GOING TO THE REPAIR OF ROADS………WHERE IS IT BEING SPENT? CUT SALARIES OF THE ELECTED OFFICIALS BY 50%, CUT OUT THE PORK BARREL SPENDING, CUT WELFARE BACK, STOP FUNDING ILLEGALS MEDICAL AND FOOD STAMPS. QUIT BEING ASS WIPES TO THE PEOPLE THAT PAY YOU.

  5. Jesse MacDonald says:

    These idiots can’t run a government with the money they already bring in, do they think taxing more people is the answer. Taxing the rich just trickles down to everyone else. Ca could have a surplus but instead we spend more than we bring in, do the opposite of common sense and you too can be part of the government.

  6. Ray says:

    It looks to me they are going to have to make more cuts I will not support any kind of tax increase for anyone until we have Public Pension reform that will start saving our tax dollars NOW not 10 years from now. And stop spending for illegals that is another reason we are in this mess.

  7. Steve says:

    Time to start living within our means….I would support cutting public pension benefits, part time legislature, reductions in salary to mirror the private sector, no tax dollars spent on illegal’s etc. once this has happened and we still have a short fall, then come ask……

  8. BrownSucks says:

    And rasing the Sales tax a half a percent. What a Jerk! That effects everyone! I think 75% of all movie revenues should be taxed. They have way to much money. Also, charge those occupy punks $50 a day for camping on public property or throw them in jail. Why does the 99% of us that work seem to be the ones getting the shaft all the time.

  9. Peter says:

    Come on Jerry you said you would not raise taxes,lie,lie,lie. Thats how thay get into office. And you will buy it every time.

  10. nothingchanges says:

    Right on Jerry ! That will be more tax payer’s leaving the state ! Keep chasing out the people who produce Jerry !

  11. mike says:

    the repukes are at it again, loud mouths against common sense changes. The gov clearly outlined the needs of the state and how their suffering but the protect the rich folks want have none of it. bow down before your masters the rich elite. hopefully most of us know better

    1. nothingchanges says:

      Mike, Would you admit that there are more “Common sense” people moving out of California than moving in ? It look’s like to me you have fallen for the whole class warfare thing Karl Marx……I mean Obama is stirring up. Oh and Mike, Have you ever been hired by a poor person ?

      1. Fred says:

        He has probably never been hired by anyone, and is instead living on the dole

  12. Dude says:

    Even though the State Legislature has been ordered by a judge to release their spending reports … and they still refuse to do so … our Governor says he must raise taxes because there is no other place to cut.

    Of course we apparently can’t cut the Legislature funds off. And we sure can’t cut funding to the UC system. After all, all of those Regents/Presidents deserve more than twice the pay for running one college campus each than our Governor receives for running the entire State of California.

    No, obviously we must keep spending without reservation … as long as we can keep deciding to make someone else pay for it. All those in favor of raising taxes … on someone else … say aye!

    Now on a more serious note. Governor, you are an idiot. Members of the Legislature, you are all thieves. UC Regents, the ultimate socialist elitist class @$$#013$. Who have trained up the Occupy crowd to be the perfect moronic pawns.

  13. URFULOFIT says:

    Right on, Mike. I still don’t understand this reverence for the fat-cat elitists who have lowered the qualitiy of life for the 99%. Sadly, much of this puzzling loyalty comes from the sheep listening to (and regurgitating) the hate-filled gibberish of Rush Limpbrain. I have sad news for the idiots who are worshipping at the alter of the almighty dollar and worshipping those few who HAVE it. Idolizing these pigs at the top will NOT make YOU wealthy. You may love these fat cats…but they sure don’t love YOU. You are a statistic. When Rush convinces you that eliminating the minimum wage law is good, be cautious. YOU may be the one fitghting to raise YOUR minimum wage someday. That is when Limpbrains dreams have come true.

  14. dan says:

    Americans today are paying the lowest level of taxes we have in over 50 years…!!

    What a bunch of selfish ingrates who moan over a half percent tax hike. You people make me sick, anyone who would rather let people starve and die in the streets rather then pay a measly half percent tax is obviously a selfish self-centered ingrate who doesn’t believe in the same America I fought for.

    By the way you want to cut some spending then lets look at what’s spent on national security which is up over 1000 percent since 911.

    Total national security spending now comes out to well over 3 trillion dollars a year which represents well over 5 percent of our total GDP. On the other hand welfare costs barely represents a measly half a percent of our GDP.

    One is a paper cut while the other is a massive hemorrhaging wound, yet you people want to put a band-aid on a paper cut while we continue to hemorrhage money out the gaping wound called the military Industrial complex which is raping the American tax payer. Yup got to keep the tax payers dumb and scared…

    1. Fred says:

      Starve and die in the streets? Oh please. Are you so stupid that you cannot recognize that a sales tax increase is the most regressive sort of tax. In case you really are as dense as your comments make you appear, a regressive tix is one that take proportionally more from lower income families and individuals. Sine low income folks spend a larger percentage of their income on consumption a sales tax increase takes relatively more form them than more well of folks.

      With JB and his cronies the preferred solution is always tax more. Most normal folks realize that the key to managing a family or a business or anything else sustainable is o limit spending to the available revenue. These liars and thieves refuse to come to that reality. Instead they buy votes through give away programs like welfare forever.

  15. nothingchanges says:

    If we split the country in half, Liberals on one side and Conservatives on the other. Which side would collapse first and why ? The answer is obvious I just would like to hear your version….Thank you.

    1. Dan says:

      That’s easy….!!! If history is any guide then without the financial support of Liberal states Conservative leaning states would collapse. All you have to do is goggle red state Socialism for your answer.

      The vast majority of conservative states couldn’t survive without Federal dollars. The fact is the vast majority of conservative leaning states receive more back in Federal aid then they pay in in taxes, yet they are the ones who complain the most about paying taxes.

      Furthermore the wealthiest states in the Union tend to be Liberal while the poorest least educated tend to lean conservative. The more conservative the state the poorer and less educated they seem to be.

      take Alabama for example, It is the poorest state in the union and also has the lowest scholastic test scores.. It also happens to be the one of the most hard core conservative states in the union.

  16. I DID INHALE BILL CLINTON says:

    AFTER LEARNING THAT OUR LEADERS LEGALLY ENGAGE IN INSIDER TRADING,THAT HOW STATE RECOVER THRU INSIDER TRADING,ALSO OPEN STATE,UC SYSTEMS PAYROLLS TO SCRENNING,SOME OF THESE PEOPLE PULL IN 100.000 A YEAR TO CHANGE LIGHT BULBS

  17. rmcsticks says:

    it’s all bull $hit, and we keep voting them in, jerry will do for jerry and F the people. if you dont like the way someone makes there money then don’t buy from them . But you wont, you will just be sheep and complain and never do anything about it, so I dont feel sorry for any of you….. Take it like the lazy people that you are ! RIGHT IN THE A$$

  18. Bequeirene says:

    order an imitation coach bags for more detail

Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Sacramento

Sign-Up Now For Our 2016 Knockout Pool
Tickets to aftershock now on sale

Listen Live