Here are some links and summaries:
- Sacramento Bee - Daniel Weintraub - "Panel's tax overhaul plan sparks fierce debate in state"
- Sacramento Bee - "Proposed tax would penalize, not help, our small business, customers"- concerns with the Business Net Receipts Tax (BNRT) by owners of a small business. (The final report recommends a small business filing threshold of $500,000 of gross receipts. It also notes that net receipts of $250K or less "would effectively be exempted from the BNRT base through a credit mechanism.")
- Sacramento Bee - "2 commission members tout plan's promise" by John Cogan and Chris Edley, Jr. who apparently worked on the BNRT proposal
- Sacramento Bee - "Revenue spikes, not tax structure, are to blame" by commission member Bill Hauck (who did not endorse the final report)
- North County Times - "Tax reform merits study, but isn't a panacea"
I may have missed a few for Sunday October 11. There were a good number of editorials and op eds published between the Commission's final meeting and the days immediately following the release of its report. Here are a few:
- Los Angeles Times - "A flat-wrong flatter-tax plan" (9/21/09)
- San Francisco Chronicle - "A blueprint that avoids the toughest choices" (9/27/09)
- Los Angeles Times - "California tax reform plan much too bold for Capitol" (10/1/09)
- San Jose Mercury News - "New tax plan is far from ready for prime time" (10/3/09)
- Los Angeles Times - "State tax reform panel blew its opportunity" (10/5/09)
Most of the opinions are not favorable although a few positive comments may have been noted (I noted a few in my 10/11 op ed, such as that taxes with broader bases and lower rates tend to work better).
What do you think? Should the proposals of the final report be enacted? If not, what should happen?
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