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California Dems propose nearly $5-billion in new taxes

by AirTalk

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A view of the California State Capitol in Sacramento, California Getty Images

California Senate Democrats have proposed $4.9 billion in additional taxes to close the state’s $19.1 billion budget shortfall. A little more than $2 billion in added revenue would come from delaying the implementation of corporate tax breaks, while $1.43 billion would come from changes to personal income taxes. Are tax increases necessary to preserve California’s safety net? Or, should legislators focus exclusively on budget cuts?


Evan Halper, Sacramento Bureau Chief for the Los Angeles Times

Denise Ducheny, Democratic State Senator representing California's 40th district (San Diego Riverside and Imperial counties)

H.D. Palmer, Deputy Director of External Affairs for Gov. Schwarzenegger, California Department of Finance

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