While the supervisors, labor, and citizens have been working on the unprecedented budget crisis, Newsom has been out of town campaigning for governor or gallivanting off to Paris and Davos, Switzerland. What’s his plan to handle the budget deficit?
This week’s editorial. Scroll down to read Editor’s notes.
EDITORIAL In Washington, Rep. Nancy Pelosi – who has never been known as a radical leftist – is proposing that Congress repeal the Bush tax cuts, now, two years before they expire. That would bring $226 billion into the federal till, enough to fund a good part of the stimulus package.
In Sacramento, Democrats are moving toward a special election this spring to allow the voters to approve a tax increase – a move that would prevent disastrous service cuts in this horrible economic climate. Even the Republicans in the state Legislature – about as intransigent a group of people as you’re going to find in public service in America – are actually discussing the possibility that they might accept a tax increase as part of a budget deal.