[NO] CALIFORNIA PROPOSITION 25 (NOV, 2010) -- GOVERNMENT POWER GRAB
[YES] CALIFORNIA PROPOSITION 22 (NOV, 2010) -- DIVERSION OF FUNDS

[NO] CALIFORNIA PROPOSITION 24 (NOV, 2010) -- TAX LIABILITIES

California is not a business-friendly state, both on matters of taxation and onerous rules and regulations. Unions and their public employees want to suck every available dollar out of corporations to fund their social justice programs. Therefore, I strongly urge a NO vote on this matter lest we, once again, disadvantage California’s businesses in a competitive environment – all for the benefit of public employees. Again, I urge a NO vote.

-- steve 

The official position …

Proposition 24 – Put on Ballot by Petition Signatures
REPEALS RECENT LEGISLATION THAT WOULD ALLOW BUSINESSES TO LOWER THEIR TAX LIABILITY. INITIATIVE STATUTE.

Fiscal Impact: Increased state revenues of about $1.3 billion each year by 2012–13 from higher taxes paid by some businesses. Smaller increases in 2010–11 and 2011–12.

NO -- A NO vote on this measure means: Three business tax provisions that were recently changed will not be affected. As a result of maintaining current law: (1) a business will be able to deduct losses in one year against income in more situations, (2) most multistate businesses could choose to have their California income determined based only on a single sales factor, and (3) a business will be able to share its tax credits with related businesses.
A YES vote on this measure means: Three business tax provisions will return to what they were before 2008 and 2009 law changes. As a result: (1) a business will be less able to deduct losses in one year against income in other years, (2) a multistate business will have its California income determined by a calculation using three factors, and (3) a business will not be able to share tax credits with related businesses.

“Nullius in verba.”-- take nobody's word for it!

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell


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