The largest business tax increase in CA history

On December 18, 2007, in General, by Neil Stevens

“The largest business tax increase in the hsitory of California.” That’s what Irvine Republican Assemblyman Chuck DeVore calls key parts of the plan concocted by Governor Arnold Schwarzenegger in conjuction with California Assembly Democrats to create ‘universal medical coverage’ for Californians through subsidy and mandates.

The plan has a long way to go though. It has to pass the Senate where Democratic leader Don Perata who, unlike the Governor and Assembly Speaker Fabian Núñez, seems to realize that we just can’t afford this plan, even with tax hikes and hoped-for federal money.

Then after that, the voters have to approve parts, including tax hikes. Then it has to survive court challenges, where in the past similar plans have been thrown out (according to the Sacramento Bee).

So I’m not quite worried yet.


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Nima Jooyandeh facts.