California Governor Jerry Brown was just forced to admit his supposed “$5” billion increase in January tax collection as proof that Proposition 30’s income and sales tax increases by voters passed in November was really just an early collection of taxes. Furthermore, it now appears that the sales tax collection crash in January is a precursor of an even bigger crash coming by April. Having already made huge promises of payback for union bank-rolling of Prop 30 and opportunists such as Texas Governor Perry luring corporations to leave the state, California is back in crisis.
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