- Jun 23, 2004
- 5,464
- 8
- 81
http://www.sfgate.com/cgi-bin/...9/03/02/BA1R166JF4.DTL
Pertinent excerpt......
Opponents are confident that the more the voters learn about the spending cap, the less likely they will be to support it.
Coupal and other conservatives are concerned that approval of the spending cap will trigger about $16 billion in additional taxes beginning in July 2011 and continuing, in most cases, until 2013.
The budget agreement signed last month calls for a one-cent increase in the sales tax, a hike in the vehicle licensing fee, a boost in the income tax rate and reductions in the dependent tax credit. If the spending cap doesn't pass, the new taxes expire in 2011. But if it's approved, the revenue measures are extended. <----- Yes, you heard correctly.....if this POS passes, the ass-raping of California's middle class continues for another TWO YEARS!!!
And all of this in the midst of this country's worst financial depression since.......well........the great depression!!!
:thumbsdown:
Pertinent excerpt......
Opponents are confident that the more the voters learn about the spending cap, the less likely they will be to support it.
Coupal and other conservatives are concerned that approval of the spending cap will trigger about $16 billion in additional taxes beginning in July 2011 and continuing, in most cases, until 2013.
The budget agreement signed last month calls for a one-cent increase in the sales tax, a hike in the vehicle licensing fee, a boost in the income tax rate and reductions in the dependent tax credit. If the spending cap doesn't pass, the new taxes expire in 2011. But if it's approved, the revenue measures are extended. <----- Yes, you heard correctly.....if this POS passes, the ass-raping of California's middle class continues for another TWO YEARS!!!
And all of this in the midst of this country's worst financial depression since.......well........the great depression!!!
:thumbsdown: