Reporting from Sacramento -- The average Californian's taxes would shoot up five different ways in the state budget blueprint that lawmakers hope to vote on this weekend. But the bipartisan plan for wiping out the state's giant deficit isn't so bad for large corporations, many of which would receive a permanent windfall.
About $1 billion in corporate tax breaks -- directed mostly at multi-state and multinational companies -- is tucked into the proposal. Opponents say the breaks will do nothing to create jobs, and the Legislature has rejected such moves repeatedly in the past. But now, to secure enough Republican votes to pass a budget that would raise taxes on everyone else, the Legislature is poised to write them into law with no public hearings at a time when the state treasury is almost out of cash.
The tax cut mania from the GOP right, which has been their bread and butter ever since Reagan, has never been anything more than a colossal pyramid scheme. They never intended to cut your taxes, stupid. Only for the ruling class. You poor suckers get stuck with the bill. And you also are burdened with a bankrupt government which cannot function. Which means less regulation or no regulation at all.
You've seen the results of this policy. A bankrupt nation. A financial sector completely wiped out. Banks gambled into insolvency. Poisoned food. Poisoned water. Poisoned toys. Pollution in the air, land, and sea. Melting polar ice caps and melting glaciers. Just you wait until the drinking water runs out.
This is the legacy of the modern conservative movement. It's been stretching back to Nixon, and came into full force with Reagan. And now, at long last, you are seeing the end results of these policies. And the Republican Party has demonstrated that this legacy will be fiercely defended. They will oppose President Obama's efforts to salvage our economy at all costs.
This is Conservative Rule in a Nutshell, kids. What part of this don't you understand?