Forums before death by AOL, social media and spammers... "We can't have nice things"
|    alt.politics.economics    |    "Its the economy, stupid"    |    345,374 messages    |
[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]
|    Message 344,759 of 345,374    |
|    Gavin -that idiot- Newsom to All    |
|    Column: Sacramento's tax rebate giveaway    |
|    14 Jun 24 13:52:11    |
      XPost: alt.california, talk.politics.guns, sac.politics       XPost: or.politics       From: incompetent.democrat.asshole.pelosi.too@sacbee.com              [2024/06/14 02: 13:11]              SACRAMENTO — It’s budget season in Sacramento and there are bound to be       screwups. Gov. Gavin Newsom and Democratic legislators are paying now for a       huge flub two years ago.       They cobbled together what was dubbed a post-pandemic Middle Class Tax       Refund. In truth, low-income people made out a lot better than the middle       class. And it wasn’t a refund at all. It was a straight giveaway of general       fund cash.              The tab was $9.5 billion. And don’t the Sacramento politicians wish they had       that money now as they face a projected $45-billion budget deficit! If it       were currently stashed in a reserve, they could avoid a lot of cuts to some       good state programs used by Californians.              But in 2022, the budget experts were projecting a $100-billion surplus. And       it was an election year. Newsom was running for a second term after having       survived a recall attempt the previous year. Most legislators also were up       for reelection.              So it seemed like a grand idea to throw nearly $10 billion out a Capitol       window at people who really didn’t care whether they got any of it or not.              And the whole thing was confusing — even a little suspicious. The state       should have simply sent out checks, as it does for income tax overpayments.       Instead, it offered recipients an option to sign up for direct deposit into       their bank accounts. Or they could receive a prepaid debit card from a       private contractor. For many, the card looked like a come-on or a scam. Lots       of cards got tossed.              Evidence of the flawed money distribution system was reported recently by       The Times’ Jon Healey, who wrote that 624,000 Californians still hadn’t       touched the free cash. They hadn’t activated their cards.              The grants ranged from $200 for individuals to $1,050 for couples, depending       on their incomes. Individuals earning up to $250,000 and couples making up       to $500,000 received something.              I got $200 that I absolutely didn’t need. Friends making much more also were       sent cards — and felt a little sheepish about it.              I would have preferred that the state spend its windfall on needed       infrastructure such as water facilities, wildfire prevention, alternative       energy and homeless shelters. Or at least socked it away in a savings       account.              Now, both the governor and Legislature are proposing an increase in required       savings. Good idea. But not this red-ink year.                     In the Capitol, there are times of fiscal boom and bust. It’s aggravated by       the state leaning too heavily on rich people’s volatile capital gains.       Politicians haven’t mustered the courage to fix the problem by updating the       tax system. But that’s an old song of mine.              Right now, Newsom and legislative leaders are struggling behind closed doors       to agree on a budget that must be balanced. At least on paper. They’re       working on a revised $288-billion proposal the governor sent the Legislature       last month.              The deadline for legislative passage of a budget is June 15. If the       lawmakers go beyond that, they lose their pay and expense money. At this       writing, they are far from a final deal with the governor.              So it’s likely that what gets passed by the deadline is a budget in name       only — a hollow spending plan lacking in major details.              The specifics presumably will follow in dozens of so-called “trailer bills”       that will quickly be passed without much opportunity for public scrutiny       before the budget takes effect July 1.              That’s not the preferred good government way to do legislative business if       you care about transparency. But it’s how the Legislature operates.              There are tough choices to be made by a Democratic-dominated Legislature       that enjoys spending and hates cutting.              These are two major issues, as reported by Times budget writer Taryn Luna:              Higher fee rates for Medi-Cal providers:              The governor and Legislature agreed last year to raise reimbursement rates       for doctors and other providers of Medi-Cal healthcare for poor people. Now       Newsom wants to take away $6.7 billion earmarked for the rate hikes over       multiple years.              Bad idea. For years, many doctors have been turning away Medi-Cal patients,       contending they lose money on the miserly reimbursements. At the same time,       Sacramento keeps expanding the list of people eligible for Medi-Cal. In       fact, the state plans to spend $3.2 billion during the next fiscal year on       the extension of Medi-Cal to undocumented immigrants ages 26 to 49.              Expanding care is meaningless if doctors refuse to treat people.              Minimum wage hike for health workers:              Newsom signed a bill last year to raise the minimum hourly wage for       healthcare workers to $25, effective about now. But the governor emphasized       to labor negotiators that “no way in hell” would he allow the increase to       take effect if the state faced a gaping deficit.              So the governor deleted $2 billion for the hike from his May budget       revision. Upset Democratic legislators are siding with their patron unions       in claiming Newsom exaggerated the cost. And they’re demanding at least $100       million.              OK. Maybe $100 million. Definitely not $2 billion.              There are many more budget disagreements — like over housing for homeless       people, street cleanups after the homeless leave, business tax credits and       prison closings.              One screwup the politicians hopefully will avoid is to merely kick the can —       enact a “balanced” budget mainly with accounting gimmicks. That would       surely       lead to even more red ink to sop up next year.              https://www.latimes.com/california/story/2024-06-10/column-sacramentos-tax-       rebate-giveaway-two-years-ago-is-coming-home-to-roost              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
[   << oldest   |   < older   |   list   |   newer >   |   newest >>   ]
(c) 1994, bbs@darkrealms.ca