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27 Jan 2011 13:21

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Politics: Jerry Brown’s tax pitch to Californians may pay off

  • 54% of California likely voters are okay with raising taxes source
  • » New polling from the California Public Policy Institute: A surprising and heartening result, in light of Governor Brown’s rhetoric about tough choices and shared sacrifice. Staring down a state in dire fiscal crisis, Brown has proposed broad, painful spending cuts, as well as a special election to seek voter approval on a package of new taxes and fees. Say what you will about the strategy, but Brown’s candor and honesty about his cuts have been impressive, and it seems voters may reward him with that rarest of the rare: a voter approved tax increase.

13 Jan 2011 09:22

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U.S.: How extreme are Illinois’ huge state tax increases, guys?

  • 67% the size of Illinois’ tax increase, quickly pushed through this week by some lame ducks
  • 5% the current tax rate, up from 3 percent – a change retroactive to January 1st
  • $3,300 the amount you’ll have to pay in state taxes now if you had to pay $2,200 before source