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Thursday, April 07, 2005

California Dems Proposing Tax Cut?

As Blue State Conservatives explains, if it sounds too good to be true, it probably is. In another "smoke and mirrors" effort, California Democrats would like to raise some taxes and reduce another, with the net result being a slight increase. Naturally, only the "tax cuts" would get the attention of the press...

The plan would eliminate the 5 percent state sales tax on gasoline while increasing the sales tax on non-gas and non-food items by a quarter of a percent. The new money would be dedicated to transportation.

Also, voters would be asked to approve a $10 billion transportation bond next year. And the state's 18-cent-per-gallon gas excise tax, which hasn't risen since the early 1990s, would increase by a penny in 2006.