April 8, 2012 By Jon Coupal Thanks to Jerry Brown, we're all millionaires now.
The governor has joined forces with the California Federation of Teachers, a powerful public employee union, to back passage of what is titled the "Millionaires Tax of 2012." The problem is that this so-called "Millionaires Tax" raises the sales tax on everyone -- and most of us are not millionaires. So is Jerry talking about the income tax part of his plan? He and CFT want those making $250,000 or more per year to pay the hike. But the last we looked, $250,000 doesn't equal $1,000,000. Clearly, this a violation of the truth in labeling act. More: http://hjta.org/california-commentary/were-all-millionaires-now
