Gone from the final bill was a 12 cent hike of the state gasoline tax on what are already the highest average gas prices in the nation. At one point, this gas tax was seemingly a done deal. Also gone was what was essentially a 5% increase of state income tax liability on what are already the highest state income taxes in the nation. Of course, instead we now have a 0.25% increase in the state income tax. Keep in mind, these increases are being imposed on an already overtaxed and overpriced state.
While these concessions by the Democrats are good news, the fact still remains that this budget includes increases on our state taxes, and not mentioned in the attached article is any news about the proposed doubling of vehicle license registration fees. I will be interested to find out if that passed as part of this budget deal.
I think what made me most angry about this whole budget ordeal was the statement made by President Pro Tem of the state senate, Darrell Steinberg, a Democrat from the Sacramento area. Duing an impassioned speech on the senate floor, Steinberg said to his Republican colleagues,
"I wish to God, that you could deviate just a little bit, just a little bit, from your philosophy, just a little bit, from the endless mantra of no new revenue, no new revenue ever, and be a participant and partner with us in solving this problem."
No, Senator Steinberg, how about you deviate just a little bit, just a little bit, from your philosophy, which, like a broken record, always includes tax and spend, tax and spend, tax and spend. And don't you love how Steinberg uses the crafty little word "revenue" instead of "taxes." That's putting the cart before the horse. Revenue is what a government receives as a result of taxes that are paid. Using the economic theory endorsed and successfully instituted by Presidents Kennedy, Reagan, and Bush II, lowering taxes actually leads to increased revenues. Apparently, there are still plenty of politicians - most on the Democrat side of the aisle - who have yet to learn this lesson. Nice try with trying to sell this boondoggle of a budget with your semantic trickery Senator Steinberg, but I'm not buying it.
While I am happy that not everything that our state legislature wanted to do to us came to fruition, the fact remains that we got royally screwed. I liken this to being mugged and then being relieved that the criminal only got away with my wallet and let me keep my cell phone. The bottom line is that I still got robbed.
Good Day to You, Sir