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“Democrats' idea of increasing taxes delays REAL budgetary reforms and stalls true economic recovery in State.”
By Mike Cully
President/CEO, San Diego East County Chamber of Commerce
August 19, 2010 (San Diego’s East County) -- It is disappointing that the Democratic Legislative Leaders continue to delay California’s economic recovery by increasing taxes and delaying serious budgetary reforms.
The budget Speaker Pérez and Senate President Steinberg recently announced will result in a net tax increase of at least $1.2 billion annually and more wasteful spending. The Democrats proposal only prolongs the problem with its gimmicks and legislative tricks.
It is time for Sacramento to live within its means and stop punishing taxpayers for its lavish spending. Our legislative leaders need to enact real tax reform which will buffer California's budget against boom-and-bust economic cycles. Our state can no longer afford to function on a deficit year after year, a permanent fix is needed.
It’s the Chamber’s mission to fight for small business and for a robust and timely economic recovery both in our State and in our region. These sorts of ineffective and cursory moves on behalf of the Democrats do nothing by put a Band-Aid on a gaping wound that is our State’s financial position. This is not a real effort to fix a worsening problem; it is, in fact, nothing more than a gesture to pacify potential critics. We need real change, and that means real action.
The opinions expressed in this editorial reflect the views of its author and do not necessarily reflect the views of East County Magazine. If you wish to submit an editorial, contact editor@eastcountymagazine.org.
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