Jerry Brown: Taxes Need to Be Raised, Services Cut, Belts Tightened

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SACRAMENTO -- Gov.-elect Jerry Brown is getting ready to tell Californians the news they don't want to hear: Taxes need to be raised, services cut and belts tightened.

His budget plan includes deep cuts to state services, including university systems and welfare programs, with a request that voters extend temporary tax hikes on vehicles, income and sales that are set to expire next year.

The blueprint Brown will unveil when he takes office early next month also is expected to take aim at several tax breaks and subsidies that have been fiercely guarded by the business lobby in Sacramento, according to people involved in budget discussions with the incoming administration.

Among the breaks are multi-billion-dollar incentives for redevelopment projects and hundreds of millions of dollars of "enterprise zone" credits meant to encourage investment in blighted neighborhoods.

Also targeted is a recent change to state business tax formulas that has saved corporate California roughly $1 billion.

http://www.ktla.com/news/landing/ktla-brown-budget-preview,0,79727.story

[I AM NOT THAT GUY 5,715]

Is it too early to recall Moonbeam?

[Danno 1,228]

Is it too early to recall Moonbeam?

No need to recall,

when people get what they vote for.... it's a good thing.

We have seen all this before, tax the rich and run the old fable of "belt tightening" up the flag pole.

Nothing new here.

[I AM NOT THAT GUY 5,715]