BUSINESS
March 29, 2012 | By Marc Lifsher, Los Angeles Times
SACRAMENTO - An elected state tax collector wants to save strapped California motorists money by freezing the sales tax on gasoline whenever the pump price jumps above $4 a gallon. The idea, said George Runner, a Republican member of the State Board of Equalization, is to put a few bucks back in consumers' pockets rather than provide a small windfall to local governments. Gasoline prices in California averaged $4.33 on Wednesday, according to AAA's Daily Fuel Gauge Report.
CALIFORNIA | LOCAL
March 25, 2012 | By Anthony York, Los Angeles Times
California voters strongly support Gov. Jerry Brown's new proposal to increase the sales tax and raise levies on upper incomes to help raise money for schools and balance the state's budget, according to a new USC Dornsife/Los Angeles Times poll . Sixty-four percent of those surveyed said they supported the governor's measure, which he hopes to place on the November ballot. It would hike the state sales tax by a quarter-cent per dollar for the next four years and create a graduated surcharge on incomes of more than $250,000 that would last seven years.
CALIFORNIA | LOCAL
March 15, 2012
Gov. Jerry Brown has agreed to modify his tax initiative, which if approved by voters this fall would temporarily increase levies on upper-income earners and purchases in the state. Below is a comparison of the old Brown plan and the proposal Democrats unveiled Wednesday. ORIGINAL PROPOSAL Would raise the personal income tax rate on individuals reporting income over $250,000 by 1 percentage point. Would hike the personal income tax rate on income over $300,000 by 1.5 percentage points and the personal income tax rate on income over $500,000 by 2 percentage points for five years.
CALIFORNIA | LOCAL
February 12, 2012 | By Anthony York, Los Angeles Times
More than 2,000 California Democrats gathered in San Diego this weekend for their state party convention, giving leaders a chance to rally the faithful and rub elbows with powerful, well-heeled interests. While hundreds of activists listened to Sen. Dianne Feinstein (D-Calif.) give a noontime address Saturday, Gov. Jerry Brown slipped away to a neighboring hotel to host a $25,000-a-plate lunch for a select group of contributors. The fundraising event, which was closed to the media but had about two dozen guests, according to some who attended, provided an intimate audience with the governor for lobbyists whose clients had opened their wallets to back Brown's proposed tax-increase initiative.
CALIFORNIA | LOCAL
January 26, 2012 | George Skelton, Capitol Journal
Gov. Jerry Brown has California voters right where he wants them — hating the notion of whacking schools even more than the prospect of paying a higher sales tax. Meanwhile, ingrained American populism is flaring as the inequity gap widens between haves and have-nots. So voters absolutely love the idea of socking the rich with higher income taxes. Total it all up, and the result is 68% support among likely voters for Brown's proposed November ballot initiative to raise taxes on sales and high-end income, and spend the money on K-12 schools and community colleges.
SPORTS
January 17, 2012 | T.J. Simers
It's not often you get to interview a man who must be close to 200 years old by now. So I made the drive to visit Marv Levy and was shocked to discover he has finally figured out a way to win a Super Bowl and he's not all that pleased about it. Maybe known best to the current generation as one of the football coaches who does beer commercials, Levy's obit probably will begin with the fact he took Buffalo to four straight Super Bowls....