Thursday, January 8, 2015

California revenue soars, even as tax-cutting states feel the pinch

http://www.dailykos.com/story/2015/01/08/1356177/-California-revenue-soars-even-as-tax-cutting-states-feel-the-pinch
"Remember how Republicans used to mock California as a failed state? Greece on the Pacific? Well, a few years ago, voters kicked Republicans out of power and changed the absurd supermajority budget requirements that had given minority conservatives veto power over state government. The result? With voter approval, the state raised taxes on the highest income earners to fund education. It started to reinvest in water and transportation infrastructure and rebuild the social safety net. It completed the implementation of a robust cap-and-trade program to restrict carbon emissions and fund sustainability projects. And the result? A rapidly growing economy and surging tax revenue.
The results are in: one way of governing works. The other doesn't."