9-11, always there even before you need them!
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The Late Great State of California
The plan would raise the top marginal income tax rate to 12% from 10.3%; that would be the highest in the nation and twice the national average.
This plan would also repeal indexing for inflation, which is a sneaky way for politicians to push middle-income Californians into higher tax brackets every year, especially when prices are rising as they are now. The corporate income tax rate would also rise to 9.3% from 8.4%. So in the face of one of the worst real-estate recessions in the state’s history, the politicians want to raise taxes on businesses that are still making money.
This latest tax gambit was unveiled, ironically enough, within days of two very large California employers announcing they are saying, in the famous words of Governor Arnold Schwarzenegger, “hasta la vista, baby” to the state.
First, the AAA auto club declared it will close its call centers in California, meaning that 900 jobs will move to other states. “It costs more to do business in California,” said a AAA press release, in the understatement of the year.
Then last week Toyota announced it is canceling plans to build its new Prius hybrid at its plant in the San Francisco Bay area because of the high tax and regulatory costs.
Adding to the humiliation is that Toyota will now take this investment and about 1,000 jobs to a more progressive and pro-business state: Mississippi.
There is already a reverse gold rush going on in California and the evidence points powerfully toward high tax rates as a culprit.
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Productive citizens leave, leaving non-citizens and non-productive government trolls.
Study: More than one-third of LAUSD students drop out –
LAUSD four-year dropout rate of 33.6 percent was well above the statewide average of 24.2 percent, sparking renewed calls to beef up academic standards in the nation’s second-largest school district.
Fresno dropout rate exceeds LAUSD.
…VDH could fill in Mexifornia details.
WASHINGTON — Poverty, poor health and low graduation rates have put the San Joaquin Valley’s 20th Congressional District dead last in a new national scorecard that ranks the well-being of residents.
Even notoriously grim Appalachia fares better than the congressional district that sweeps in Fresno, Kings and Kern counties, the study made public Wednesday shows. The assessment of health, education and income ranks the district 436th out of 436 districts nationwide.
