Date: Wed, 3 Nov 2010 12:43:45 -0400
From: c...@cbp.org
To: coz42...@hotmail.com
Subject: Statement: Jean Ross on the Defeat of Proposition 24








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NOVEMBER 3, 2010








Statement: Jean Ross on the Defeat of Proposition 24 

Following the defeat of Proposition 24, a ballot measure that would have 
repealed three recent business tax breaks, Jean Ross, executive director of the 
California Budget Project, a nonpartisan public policy research group, released 
this statement:

"The people of California voted down Proposition 24, which would have repealed 
three business tax breaks that will cost the state $1.3 billion or more per 
year when they take effect. Voters shouldn't be asked to address complex tax 
issues at the ballot box.

Independent research shows that business tax breaks have little impact on job 
creation. But the loss of $1.3 billion a year in funding will widen the state's 
budget gap and jeopardize funding for schools, health care, and other public 
structures that serve the common good. As part of a balanced budget solution, 
the Legislature should heed the call of editorial boards and analysts across 
the state and scale back these tax breaks to avoid further budget cuts that 
could harm the economy, jeopardize our economic competitiveness, and push the 
state back into a recession."






          







CALIFORNIA BUDGET PROJECT | www.cbp.org 
1107 9th Street, Suite 310 | Sacramento, CA 95814 | (916) 444-0500 






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