California state tax collection for the month of February reminded me of a Twinkie; golden sweet on the outside, mushy in the center and definitely not very healthy any more. Voters thought they were forcing the rich pay more to fund local schools by passing Proposition 30 in November. The initiative did raise the income [...]
READ MORE »
California state tax collection beat Governor Brown’s 2013-14 Budget by $4.3 billion, or 39.1%, last month. The out-performance was due to two expected one-time events that took place by December; $1 billion in delayed sales tax deposits and $3.3 billion of taxes on capital gains, dividends and bonuses collected in January for a prior period. [...]
READ MORE »
President Obama met with the newly elected President of Mexico, Enrique Pena Nieto yesterday. While the press focused on the Administration’s talking points for discussions on a wide range of issues from energy to climate change, the real concern is that the Mexican economy is far out performing the U.S. and the new immigration concern [...]
READ MORE »
Written by 