Business & Economy

Assembly speaker assesses winners, losers in impending budget

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As Sacramento lawmakers move closer to a budget deal with the governor, Assembly Speaker Karen Bass noted that the compromise doesn’t include new taxes and does require borrowing among state agencies.

The Democrat told KPCC’s "Patt Morrison" that the minority party in the California legislature did get a lot of what it wanted.

Karen Bass: "The Republicans win for sure because they don’t put up their votes for taxes, so there was no way we could do the alcohol, the oil, or the tobacco tax, but they did not win from the point of view of having a budget with $24 billion in cuts."

Proposals to close a $26 billion shortfall had included higher taxes on alcoholic drinks, gasoline, and cigarettes. All those are off the table now, and leaders from both major parties say they could work out a budget deal very soon.