Remember how Republicans used to mock California as a failed state? Greece on the Pacific? Well, a few years ago, voters kicked Republicans out of power and changed the absurd supermajority budget requirements that had given minority conservatives veto power over state government. The result? With voter approval, the state raised taxes on the highest income earners to fund education. It started to reinvest in water and transportation infrastructure and rebuild the social safety net. It completed the implementation of a robust cap-and-trade program to restrict carbon emissions and fund sustainability projects. And the result? A rapidly growing economy and surging tax revenue.
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Friday, January 09, 2015
The Eternally Clueless GOP
I like how higher taxes on the wealthy in California have resulted in balanced budgets and I like how budget catastrophes have befallen states like Kansas and Arizona that cut taxes on the wealthy, to the point where they can't even keep highway rest stops open. It just goes to show GOP economics is, and always has been, and always will be, clueless:
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