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5 Steps for Fixing California

May 21st, 2009 Comments off

1. Massive state government employment and budget reform. Across the board 30% budget cut. Nothing is spared. The state has 235,000 workers – lay off 20% and force the public service employees union to accept drastic cuts in benefits to bring them in line with other states. Move state workers from a guaranteed retirement benefits plan to a contribution-based one.

2. A Constitutional Amendment requiring voter approval to raise income taxes and property taxes, 65% majority voter approval required for passage. Repeal Prop. 13.

3. Part-time Legislature.

4. Repeal Ballot Initiative Law or severely restrict it to ensure that any ballot initiative requiring spending also requires that it be paid for through an off-setting tax hike (see #2).

5. Reduce Corporate business taxes by 50%. Make California an attractive place for businesses again and jobs will return, revenue will go up, and the state will prosper once more.