California taxpayers aren’t thankful for much, but there is hope in Republican tax reform
In this season of Thanksgiving, please don’t blame battered taxpayers if they pause when asked for what are they grateful. Considering the punishment being dished out to working Californians and the middle class by the Legislature and the governor, it may take them a moment to refocus on the good.
Sacramento has approved billions of dollars in new taxes that will fall hardest on average taxpayers. The new $5.2 billion gas and car taxes will cost the typical family about $600 per year — and fuel costs will increase by billions more in coming years due to the passage of a “hidden” carbon tax. New taxes on the filing of documents could add hundreds of dollars to the cost of property transactions, including the refinancing of a home. But this is just a start.
In a state that is already a leader in income tax rates, sales taxes and gas taxes — even property taxes are higher than in many other states — the Legislature has proposed, over the last year, $373 billion in new taxes. That’s right, lawmakers are promoting tax increases that would amount to almost three times the current state budget.
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