OPINION
June 3, 2003
As one of those hard-working average Americans in the top 1% of wage earners, I can't tell you how happy I am to be saving a few thousand dollars in taxes this year (May 29). What a waste it would be to spend this money on health care or education! Now I can buy myself yet another expensive wristwatch or a fourth computer. Shame on George W. Bush. Bruce R. Feldman Santa Monica Here is a suggestion for those who feel very strongly that President Bush's tax cut is the wrong thing to do. When you receive your check, simply endorse it to the U.S. Treasury and send it directly to Bush at the White House.
BUSINESS
December 28, 2003
Regarding "Clearing Out Bad Data on Illegal Immigrants," Golden State, Dec. 22: Michael Hiltzik says California spends no more than $4.6 billion a year on illegal immigrants, and that California's budget gap is running $8 billion to $12 billion annually. When I do third-grade math, then illegal immigration represents 38% to 57.5% of the budget gap. That is not small change in my book. True, solving the illegal immigration problem won't solve the state's budget woes, but it sure would help.
CALIFORNIA | LOCAL
February 15, 2008 | Evan Halper
An Assembly panel Thursday voted to trim $2 billion from California's budget, with cuts to education, healthcare and other programs. The move by the Assembly Budget Committee follows a similar vote Wednesday in the state Senate. The full Legislature is expected to vote on the cuts today in the lawmakers' first action to rein in the state's $14.5-billion deficit. The reductions are in response to Gov. Arnold Schwarzenegger's declaration of a fiscal emergency last month. In the early cuts package, schools would lose $400 million.
CALIFORNIA | LOCAL
April 16, 2008 | Evan Halper
California's budget woes deepened Tuesday as the state reported that tax receipts plummeted nearly $1 billion last month because of plunging corporate profits. The news comes as the state moves closer to the July 1 deadline for lawmakers to close California's budget gap, which had earlier been estimated at $16 billion, and there is little agreement on how to do that. Corporate taxes alone came into the state at $869 million below what was forecast in Gov. Arnold Schwarzenegger's budget, released in January.
NEWS
March 1, 1995 | From Times Staff and Wire Reports
Legislators and the governor, hamstrung by voter initiatives, play a shell game with California's budget to cloak deficits and questionable borrowing, a blue-ribbon commission concluded Tuesday. The 23-member California Citizens Budget Commission offered 31 recommendations to speed up budget deliberations, assure public scrutiny and limit what it called needless gridlock in the Capitol.
BUSINESS
January 8, 2009 | MICHAEL HILTZIK
The Schwarzenegger administration, which was launched via an electoral campaign of majestic hypocrisy in 2003, has finally fulfilled all the heady promise of those distant days of the Gray Davis recall. Just a few days after being featured on "60 Minutes" talking about his commitment to "what is best for the people of California," he sneaked his sixth annual budget plan into the public spotlight on New Year's Eve.