Archive for the ‘California Report’ Category

  • Governor to Silicon Valley Execs: “Grab Your Ankles!”

    on Sep 17, 12 • in California Report • with No Comments

    SACRAMENTO, CA – As California struggles to regain its financial footing after the recent economic crisis, Governor Jerry Brown has a message for Silicon Valley’s wealthy:  “Grab your ankles!”* Governor Brown in a press conference today defended his financial rescue bill, Proposition 30, which heads to California polls for voter approval in November.  The bill contains Draconian tax increases for the state’s wealthy, and a “temporary” increase in the sales tax of 1/4 cent. The proposed income tax rates top out at 13.3% above $1,000,000, taking total taxes for the state’s wealthy above 50%.  The rate

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