Debt-ridden California needs every cent it can squeeze out of its taxpayers. The government unions that control the state through the Democratic Party are the highest paid state government employees in the nation. Despite being near the bottom in student academic achievement, California is near the top on per-pupil spending. And that $68 billion high-speed train to nowhere that the state is building in the Central Valley won’t pay for itself.
When a state appeals court recently ruled that a 19-year-old tax break for small businesses was unconstitutional, the state’s Franchise Tax Board began going after small business investors for an estimated $120 million in back taxes. “A lot of them don’t have that money anymore. Its been reinvested,” California’s National Federation of Independent Businesses Legislative Director Ken DeVore told CBS News. “It sends a message that you can’t trust government. If you comply in good faith with the rules, they can go back and penalize you.” Continue reading