To borrow a phrase from Whoopi Goldberg’s character in the movie “Ghost”: Proposition 13, you in danger, girl.
Backers of Proposition 32 smacked a beehive, inadvertantly handing the Democratic Party its first supermajority since 1888. The tax increases and constitutional amendments that are certain to follow are the true legacy of the Yes on 32 campaign.
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The San Francisco Unified School District has a lot riding on Tuesday’s election.
The district, along with every other education body in the state, will be closely watching how two tax increase measures fare. If they pass, the SFUSD can operate as usual without having to make additional cuts. But if propositions 30 and 38 fail, the district will face drastic budget reductions.
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The House and Senate GOP leadership warned President Obama about his soon-to-be announced budget plan after meeting with him at the White House Wednesday morning.
"The president gave us a general outline," House Speaker John Boehner, R-Ohio, said after returning from the White House. "But the one area that we know we're not going to get very far on is the idea that we're going to raise taxes on the very people that we expect to invest in our economy and to help create jobs."
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Economic prospects continue to grow gloomier as the Commerce Department revised the second-quarter growth rate substantially downward from the initial estimate of 2.4 percent to a mere 1.6 percent. Just to stay on an even keel in terms of job creation, the growth rate needs to be at least 3 percent. It has averaged only 2.9 percent for the past four quarters.
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URL: http://www.sfexaminer.com/taxonomy/term/36896
