Dear Readers: This weekend I read an inspirational piece about dealing with New York’s “Parasite Party” in HillBuzz; as a Californian, it really spoke to me. The money quote is here:
The interests of NYC are not the interests of the rest of the state. Outside NYC, the chief business is agriculture. Buffalo, Rochester, Syracuse, Schenectady, Rome, Utica, are not the centers of manufacturing or technology they once were. They are now struggling populations, asphyxiated with mandates imposed – – but not adequately funded – – by the state. New Yorkers are nickled and dimed to feed the Parasite Party. We are bizarrely divided between those who resent the nickel and diming, and those who are not affected. High taxes and oppressive regulations are irrelevant to a powerful elite who transcend New York State, and to those who contribute little or nothing. The elite dominates, and is indifferent to, the rest of the state, and the rest of the state knows it.
Carl Paladino understands: this is personal, it is not business. The Parasite Party is not good for most New Yorkers. They are the Soviet, and he is Lech Walesa.
I was planning to spend this week discussing the California ballot (click HERE for the specific recommendations of the Southern California Tax Revolt Coalition). Proposition 23 is first and foremost among those, at it would delay the toxic state version of Cap&Trade’s implementation, at least until reasonable employment levels were achieved. It seems that support for Proposition 23 is surging in the polls. Our political class in unhappy with this new development, and is using the CA budget as a tool to inflict real pain on businesspeople who do not agree that global warming is so significant a problem that Californians need to be burdened with increased taxes and senseless regulations.
Lorraine Yappes Cohen, a chemist active in getting out the real science refuting the assertion there is man-made global warming, has this piece out in her Examiner column today: California state budget late, stalls for time to blackmail Prop 23 supporters. The money quote is this one:
Very reliable sources tell us that the reason for the delay is that CA Gov. Schwarzenegger, with the collaboration of the State Legislature, is blackmailing potential business supporters of Proposition 23, the California Jobs Initiative that would delay implementation of AB32. They are threatening these supporters with reprisals of special taxes and other punitive measures if they support Prop 23. But once the budget is passed, it is no longer possible to include these taxes in the budget. This is a big reason why the budget is late.
Don’t count on reading about this in media outlets in the tank for the administration and the Wall Street “financial engineers” positioned to profit from AB32.
The State of California must really want that AB32 money from the pockets of working people. To stoop to such political power maneuvers is out-and-out blackmail.
Parisite Party Kills Business Builders
I hope all my cherished readers get this information out to as wide a sphere as possible. Furthermore, it is time to make a few calls/emails today. CA’s political bedbugs need to be taken-care of in the next election. The Parasite Party needs to go!
Governor’s Office:
Governor Arnold Schwarzenegger
State Capitol Building
Sacramento, CA 95814
Phone: 916-445-2841
Fax: 916-558-3160
Note: Click HERE for district office numbers.
Email for California Senators: Click HERE
California Assembly Roster is HERE.
If we fail to suspend AB 32 – the Global Warming Solutions Act based on bad science, the consequences will be as horrendous as the scene in the movie Alien. Many businesses have already been victimized by CARB’s bureaucrats and have been forced to shut down or pay tens of thousands in fines and fees to continue operating. Stories about CA’s citizens fleeing the state’s insanity are legion. Please “REFUDIATE” CA’S PARASITE PARTY BY DONATING TO YES ON 23! TODAY!!!
For a look at extremist environmentalist power-grabs at the nation level, check out this Pajamas Media piece: How the Environmental Movement Became Just Another Washington Power Bloc
[...] Sings The Blues Kini Aloha Guy: The Last Best Hope Talk Wisdom: Not Of This World Temple of Mut: CA’s POLITICAL Class Stalls BUDGET to BULLY its BUSINESS Class Obama Says… : Ways to Circumvent Congress and Quickly Enact Amnesty for Illegal [...]
[...] Sings The Blues Kini Aloha Guy: The Last Best Hope Talk Wisdom: Not Of This World Temple of Mut: CA’s POLITICAL Class Stalls BUDGET to BULLY its BUSINESS Class Obama Says… : Ways to Circumvent Congress and Quickly Enact Amnesty for Illegal [...]
Politics isnt just messy, it is GOREY!
[...] Sings The Blues Kini Aloha Guy: The Last Best Hope Talk Wisdom: Not Of This World Temple of Mut: CA’s POLITICAL Class Stalls BUDGET to BULLY its BUSINESS Class Obama Says… : Ways to Circumvent Congress and Quickly Enact Amnesty for Illegal [...]
My initial thought, how could the legislature threaten business with a special tax when prop 13 stipulates that any new tax must be approved by the public?
Then I found this story in the Bee.
Republicans seeking tax benefits for cable, oil companies
Republicans want the new tax rules in exchange for suspending a business deduction known as “net operating loss.” Senate Republican leader Dennis Hollingsworth, R-Murrieta, acknowledged Monday that Republicans have agreed to delay that deduction until 2012. The NOL benefit, which was supposed to begin this year, would give companies greater leeway to apply operating losses against past and future earnings.
Delaying the NOL would raise about $1.4 billion toward the state’s projected $19 billion deficit.
But Republicans want to expand a 2009 law governing how companies calculate their tax burdens in California, said sources who would not speak on the record because of the sensitive nature of talks. The 2009 law, part of last February’s budget agreement, enables companies to choose the more beneficial of two tax formulas. One is based solely on sales in California in proportion to sales elsewhere. The other longstanding formula accounts for sales, payroll and property in California.
Republicans promoted the 2009 “single sales factor” change as necessary to encourage businesses to create or expand jobs in California because other states have approved similar tax benefits.
But the 2009 change left out certain industries. One provision redefining sales in California may result in higher taxes for cable companies. Cable firms have been seeking a change since last year that would reduce their tax costs, and Republicans are now asking to tweak the law as part of a budget deal.
The 2009 law also excluded agriculture, extraction and banking industries from being able to choose the more beneficial of two tax formulas. Sources said Republicans are seeking a law that would include some or all of those industries. One change would allow oil companies to include financial activities such as oil hedging in their tax calculations to help them reduce their tax burdens. A source specifically cited San Ramon-based Chevron Corp. as a beneficiary.
So they aren’t introducing a new tax rather they are using an existing tax that was already drawn up slanted against the companies which would support prop 23, and offering to unscrew the oil mining and agriculture in exchange for them selling out on Prop 32.
synopsis – this is not a conspiracy theory. THE Legislature is holding up the budget to coerce Prop 23 companies.