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"Taxing Our Way Toward Collapse"

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Here are just some of the measures that Sacramento's Democratic legislators have proposed:
•$14 Billion in a New Income Tax Increase over 5 years.
•$1.4 Billion Tax on Oil -- Californians already pay 63.9 cents/gallon, the highest in the nation.
•4.8 percent Tax Increase on New Home Insurance Policies -- another hit on home and property owners.
•Tax on the Miles you Drive -- a "pilot program" that will lead to taxing Californians on the number of miles they drive each year.
•25 Cents Per Bag Grocery Store Tax -- a "green" bag fee of at least 25 cents on each bag for groceries.
•10 Cents Per Soda -- taxing the soda you drink based on sugar content.
•$3 Tax on Traffic Tickets -- a tax increase of $3 per ticket
•Tax on Parking -- workers that receive free or subsidized parking will now be taxed for it as income. 

Logue states that Californians are also facing hundreds of billions in increases for employers, ratepayers, property owners, and local taxpayers from recently enacted policies:
•$210 Billion in New Health Care Taxes -- taxes on employers to fund a new government-run health care plan
•$146 Billion in New Global Warming Taxes -- AB 32 related cap and trade could result in $146 billion in new costs being passed on to consumers.
•$420 Million Lost by Repealing Job Creating Tax Incentives -- California's unemployment rate is currently 12.5 percent and growing, but businesses are treated like enemies.
•Potentially Billions in New Local Tax Increases -- Democrats are paving the way for authorizing cities and counties to establish local income taxes and car taxes.
•Potentially Billions in a Split Roll Property Tax -- will increase taxes on property owned by businesses that create jobs in California. 

Logue suggests that the economic troubles currently facing Greece should serve as a wake up call to us all. His assessment is that Greece, which was once ranked among the thirty largest economies in the world, is now in a full-blown economic meltdown because they continued to spend and borrow until credit dried up and deficits reached a point of no return. Logue is of the opinion that California is currently in a similar situation and that we must put a stop to our practice of over-spending and senseless taxation. He suggests that Californians call their legislators and let them know that they will no longer finance the out-of-control spending of our hard-earned dollars.

Naylor, LLC
Naylor, LLC