Opinion: Democratic Budget Plan Not Sustainable Policy
While Gov. Arnold Schwarzenegger (R) has proposed making "major cuts to home health care for the aged, blind and disabled and to child care for low-income families" to balance the budget, Democratic lawmakers' budget proposal "is more than a little bewildering itself," Harold Meyerson -- a Washington Post columnist and editor-at-large of the American Prospect -- writes in a Los Angeles Times opinion piece. He says that the Democratic plan to adjust tax rates "would clearly reduce the tax burden on the poorest 20% of Californians" and "would raise taxes on the ... middle class of Californians." However, the plan "would scarcely raise taxes at all" on the richest 1%, which "flunks the test of â¦ crafting sustainable, equitable economic policy."
- "California Democrats' Tax Foolishness" (Meyerson, Los Angeles Times, 8/24).