No one is enjoying the tax hikes which have already occurred, nor the ones that kicked in today, but a sales tax hike is just one of the many measures our state government is using to try and tackle that massive budget shortfall.
Sometimes my brain just shuts down when I hear a news report saying that we’re $x gazillion in the hole, because frankly, these numbers aren’t as real to me as the money that is flying out of my wallet or bank account. Basic common sense tells us that there are two ways to make up the gap: increase taxes and/or cut spending. But what to tax and what to cut?
The L.A. Times has a “fun” little interactive doo-dad which let’s you “[t]ry your hand at closing California’s budget shortfall, estimated at $24 billion. It’s not easy, but it can be done. Cut spending, raise taxes and/or borrow to get the state out of the red. For each choice — drawn from proposals from across the political spectrum — we’ve tried to give some sense of the effects. As you craft your proposal, the Deficit Meter will show your progress.”
Can YOU do it and how?