Brown said he’d learned from his failure in the mid-1970s to build a war chest that he could have used to push an alternative to Proposition 13… would not seek to change the law, a third rail in California politics. But he left open the possibility of altering other tax laws… In 2010, Brown pledged not to raise taxes without voters’ consent, even though Sacramento can increase levies without the public’s permission. He declined to make a similar vow now. And although Brown insisted that the tax increase he took to the ballot in 2012 — Proposition 30 — was temporary and he had no intention to make it permanent, he did not rule out an extension. “Tax reform is difficult — that’s why I haven’t talked a lot about it — but I’m not ruling it out,” he said, adding that his goal is to replace the revenue provided by Proposition 30 with money saved from paying down the state’s debt by the time the measure expires.

Read full article [here].
by Seema Mehta and Michael Finnegan, The Los Angeles Times.

Posted: October 19th, 2014, by: admin. Categories: . Awaiting Comments.