The Record Searchlight, 3/26/12.
by Bruce Ross
David Crane, a former adviser to Gov. Arnold Schwarzenegger though I believe a Democrat, outlines in this scary column the billions of dollars worth of new costs — largely related to retirement and health care costs, including future Obamacare obligations for the state government — threaten to more than swallow up any new revenues that Jerry Brown’s proposed tax increase would raise. Crane’s bottom line:
Brown is right in seeking to prevent further erosion of existing services, but a tax increase without reform won’t achieve that objective. Worse, a tax increase in the absence of reform would mask those problems, leading to even larger leakages down the road and even greater degradation of services.
Gina Raimondo, please pick up the white courtesy phone …
Link to full article: http://blogs.redding.com/bross/archives/2012/03/a-tax-increase.html