Budget Deficit and Small Business
The state is
facing an estimated $20 billion budget deficit. Cutbacks and tax increases
have
been called for. However, taxes have already been increased
to balance the
budget. Last year, taxes were increased $12.5 billion.
Public
employee unions have issued a list of possible tax
increases to raise $40
billion dollars. Many of those tax increases fall on
business. Crushing tax
increases will only slow or stop economic recovery.
SBAC is
making the case against more tax increases now and
against the special
interests pushing their agenda to the detriment of
an economic healthy
California.
SBAC will be
part of the debate looking out for small business and
the consequences that
small business might suffer if some of the recommended
"fixes" are
implemented.
Keep up with
all the developments in the budget battle at Fox and
Hounds Daily
http://www.foxandhoundsdaily.com
