BY TRAVIS ALLEN VIA FLASHREPORT.ORG
Yesterday, Sacramento Democrats all voted in support of a budget that has an unknown cost, but is estimated to easily exceed the Governor’s record-level Budget spending that he proposed just two weeks ago. The Assembly’s current budget proposal is essentially a blank check committed to using record levels of taxes collected for a laundry list of bloated bureaucracies and wasteful projects.
This new budget proposal hides unilateral government plans to increase fees on every car owner and taxes on every cell phone user in California. Wasteful projects like the high speed rail are rewarded with $145 million of additional largesse. Furthermore, mismanaged bureaucracies such as CalTrans receive increased funding with zero oversight while California drivers experience worst in the nation traffic conditions.
On top of the $10 yearly vehicle registration fee hike and nearly 400% cell phone tax increase, some of the other highlights from the Democrats’ “Blank Check” Budget include a $145.2 million appropriation for high-speed rail, $2.1 Billion for an “optional” Obamacare expansion, and an additional $3.2 Billion for the recently raised Minimum Wage.
Undoubtedly, the constant flow of high profile businesses leaving California will only accelerate with the Legislative Democrat’s budget proposals. Costly new mandates like the $15/hr minimum wage and highest in the nation taxes have prompted CEO magazine to once again name California as the worst state in which to do business, a distinction it has held every year the survey has been conducted.
Simply put, California voters need to clearly understand that the Democrat agenda of higher taxes, unending regulations, and “blank check” government spending has led California off the cliff and resulted in massive debt, job scarcity, and the nation’s highest poverty rate. June and November elections are coming, and it’s time for Californians to stand up and just say no to Democrats and their free spending ways.
See the article here: http://www.flashreport.org/blog/2016/05/27/california-democrats-blank-check-budget/
By Philip Bump via Washington Post
Guys, it's Tax Day -- the day each year when we gather with family and friends to celebrate handing over a quarter of our earnings to the government so that it can build hospitals and such. It's a happy day, filled with happy feelings.
(An aside at the top: It was only this year that I realized the sheer, grim coincidence of Abraham Lincoln having both created the income tax and perishing from his fatal wounds on April 15, 1865. Other have almost certainly noted this in the past, but: Ouch.)
So how much money do Americans actually turn over to the government? We pulled data from the Office of Management and Budget to find out. We've included OMB's 2015 estimates on the charts below.
Americans paid $1.4 trillion in income tax in 2014.
That's expected to climb this year. It is, as you'd expect, an all-time high.Read more