There was one big idea missing from Gavin Newsom’s revised budget: income tax cuts. California politicians assume that the government should spend as much as the economy will bear. Newsom’s budget grew almost 10% from last year, twice the rate of economic growth. In other states, especially Republican ones, governors promise to cut taxes while...
There was one big idea missing from Gavin Newsom’s revised budget: income tax cuts. California politicians assume that the government should spend as much as the economy will bear. Newsom’s budget grew almost 10% from last year, twice the rate of economic growth. In other states, especially Republican ones, governors promise to cut taxes while...
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