Tags: taxes | brown | corporate | allies

Calif.'s Brown Finds Surprising Allies in Tax Fight

Monday, 27 Aug 2012 12:59 PM

By Alec Weisman

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
California Gov. Jerry Brown has picked up some unusual corporate allies in his drive to secure voter approval for Proposition 30, a November ballot initiative that would raise the state sales tax and income taxes on the wealthiest individuals.
 
Since taking office 18 months ago, the Democrat has held dozens of meetings with executives of oil, insurance, and telecommunications companies, who have traditionally been more supportive of the Republican Party and its anti-tax views, according to the Los Angeles Times.
 
To help win their support for his effort to generate an estimated $8 billion per year through tax increases, the L.A. Times said Brown abandoned more popular proposals, such as raising taxes on oil extraction, soft drinks, and alcohol.
 
Although labor unions and Democratic policymakers have spent almost $7 million to qualify the tax initiative for the November ballot , more than $6 million for the campaign to persuade voters to support it has come from a fairly broad coalition of interest, including the insurance, oil and other businesses, along with entrepreneurs, Indian tribal casinos, hospitals, movie studios, and utility companies.
 
The newspaper reported that other interests and industries have joined in the effort as well to avoid taxes targeted directly at them or, in some cases, in exchange for Brown’s veto of unfavorable regulations.
 
By comparison, the campaign against Proposition 30 led by anti-tax activists, has been drastically out funded, raising only $480,000 so far.

© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Tapeworm in Brain of Man for 4 Years Removed by Surgeons

Saturday, 22 Nov 2014 17:33 PM

A tapeworm that not only lived in a man's brain for four years but traveled from one side of the brain to the other has  . . .

Window Washer's 11-Story Fall Ends Atop Car - He Survived!

Saturday, 22 Nov 2014 17:14 PM

A window washer survived with critical injuries after falling 11 stories from the roof of a San Francisco bank building  . . .

Georgia O'Keefe $44 Million Painting Most for Woman Artist

Saturday, 22 Nov 2014 16:49 PM

A new world auction record for women artists was set when a painting by late American artist Georgia O'Keeffe sold for m . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved