Thu 2 Sep 2010
(From the sacbee.com) Gov. Arnold Schwarzenegger’s latest tax reform idea would probably result in higher costs for low- and middle-class taxpayers based on an initial review, the nonpartisan legislative analyst said Wednesday.
Schwarzenegger told the Goleta Valley Chamber of Commerce last week that he wanted to lower state taxes on income, corporations and sales, while making up for that revenue by charging sales taxes on “all services” in California. He said he did not want to support any plan that increases taxes overall.
“I think it would result in … a greater benefit to higher-income people,” Legislative Analyst Mac Taylor said Wednesday. “I think lower- to middle-income (people) would probably pay more.”
Read more here: Low, middle incomes hit by governor’s tax plan





