By:
Lawrence J. McQuillan
10/17/11 4:00 AM
Gov. Jerry Brown wants to increase sales and income taxes in a quest to “find another $10 billion” in revenue. He will have to craft a plan soon to get it on the 2012 ballot. To help California’s struggling economy, any tax proposals should be rooted in sound economics, which appear to be lacking in the governor’s ideas.
When economists assess a state’s tax system, they look at three factors: tax burden, tax structure and tax distribution. California falls short in all three.
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