According to Dan Walters of The Sacramento Bee, California voters have now made it easier to pass the state budget with a new Democratic governor and the passage of Proposition 25 lowering the legislative margin to pass budgets from 2/3rds to a simple majority. On the contrary, by rejecting propositions that would've increased fees and repealed tax cuts, they've also made it more difficult to balance the budget without spending cuts.  Read more >>

Already rated as the second worst business tax climate of the 50 states by The Tax Foundation, Propositions 24 and 25 may catapult California to #1 according to The Wall Street Journal. Prop. 24 would raise an estimated $1.3 billion in new taxes on businesses, while Prop. 25 would render the minority party in the State Legislature defenseless when it comes to budget negotiations.

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