California's Budget Agreement Includes $14.9 Billion in Spending Cuts
Workers, schools, children, the sick, and the poor take the biggest hits:
- State workers have been layed off
- $3 billion in cuts to education
- $500 million cut to hospitals, clinics, and doctors
- 250,000 kids to be cut from healthcare
- Cuts to county administration of food stamps, IHSS and Medical
So taxes are lower, right? Only if you’re a billionaire or a corpoation.
The average Californian will pay $1000 more in taxes per year this year
Democrats and Republicans raised our Taxes in 2009
They raised sales taxes, various fees, and reduced the family tax credits: things that will hit working families hardest.
Even a single mother with 2 children, no car and an annual income of just $15,000 will pay almost $500 more in taxes.
Democrats and Republicans put future generations in debt with borrowing schemes and bonds.
Taxing the wealthy just makes more sense than burdening than those of us who are just trying to raise families or finish our education. That’s why The Peace and Freedom Party has always advocated taxing wealth and wealth generating properties and enterprises as the best means of raising money for public schools, universities, health services, public works and transportation.
There are better solutions.
Peace & Freedom Party representatives would have done this:
Oil Severance Tax = Nearly $1 Billion
Restore the Additional Tax on the Richest Californians = Nearly $5 Billion
Tax those with joint incomes over $300,000, at %10, and joint incomes over $600,000 at 11%.
This would raise an additional $4.8 to 5 billion on an on-going basis.
Reform Proposition 13 = Nearly $5 Billion
