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Jerry Brown on Tax Reform

 

 


California needs a larger Rainy Day Fund

The next recession, even if it were only of average intensity, would cut our revenues by $55 billion over three years. That is why it is imperative to build up the Rainy Day Fund--which was recently overwhelmingly approved by the voters--and invest our temporary surpluses in badly needed infrastructure or in other ways that will not lock in future spending. California has a very progressive but volatile income tax that provides 70 percent of General Fund revenues. If we are to minimize the zigzag of spend-cut-spend that this tax system inevitably produces, we must build a very large reserve.
Source: 2016 State of the State speech to California legislature , Jan 21, 2016

Only choice is raise taxes to deal with extreme difficulty

At this moment of extreme difficulty, it behooves us to turn to the people and get a clear mandate on how we should proceed: either to extend the taxes as I fervently believe or cut deeply into the programs from which--under federal law--we can still extract the sums required.

From the time I first proposed what I believe to be a balanced approach to our budget deficit--both cuts and a temporary extension of current taxes--dozens of groups affected by one or another of the proposed cuts have said w should cut somewhere else instead. Still others say we should not extend the current taxes but let them go away. So far, however, these same people have failed to offer even one alternative solution.

Wherever I look, I see difficult choices. But I also see a bright future up ahead and a California economy that is on the mend.

Source: 2011 California State of the State Address , Jan 31, 2011

Other governors on Tax Reform: Jerry Brown on other issues:
CA Gubernatorial:
Antonio Villaraigosa
Eric Garcetti
Hilda Solis
Jerry Sanders
Neel Kashkari
CA Senatorial:
Dianne Feinstein

Gubernatorial Debates 2017:
NJ: Fulop(D) vs.Lesniak(D)
VA: Gillespie(R) vs.Wittman(R) vs.Northam(D)
Gubernatorial Debates 2016:
DE: Bonini(R) vs.Carney(D)
IN: Pence(R) vs.Gregg(D)
MO: Hanaway(R) vs.Brunner(R) vs.Kinder(R) vs.Greitens(R)
MT: Bullock(D) vs.Perea(R) vs.Johnson(R)
NC: McCrory(R) vs.Cooper(D) vs.Spaulding(D)
ND: Dalrymple(R) vs.Stenehjem(R) vs.Heitkamp(D) vs.Pomeroy(D)
NH: Hassan(D) vs.Bradley(R) vs.Sununu(R) vs.Lavoie(R)
OR: Brown(D) vs.Bell(D) vs.Niemeyer(R) vs.Pierce(R)
UT: Herbert(R) vs.Johnson(R) vs.Matheson(D)
VT: Shumlin(D) vs.Minter(D) vs.Dunne(D) vs.Scott(R) vs.Smith(D)
WA: Inslee(D) vs.Bryant(R)
WV: Kessler(R) vs.Cole(D)
Newly-elected governors (first seated in Jan. 2015):
AK-I: Bill Walker
AR-R: Asa Hutchinson
AZ-R: Doug Ducey
IL-R: Bruce Rauner
MA-R: Charlie Baker
MD-R: Larry Hogan
NE-R: Pete Ricketts
OR-D: Kate Brown
PA-D: Tom Wolf
RI-D: Gina Raimondo
TX-R: Greg Abbott

Lame ducks 2015-16:
DE-D: Jack Markell
(term-limited 2016)
KY-D: Steve Beshear
(term-limited 2015)
LA-R: Bobby Jindal
(term-limited 2015)
MO-D: Jay Nixon
(term-limited 2016)
VT-D: Peter Shumlin
(retiring 2016)
WV-D: Earl Ray Tomblin
(term-limited 2016)
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Page last updated: Mar 07, 2016