Archive of entries posted on 25th April 2012

Tax Collections Falling Off, Bigger Budget Hole More Likely

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 With five more days left in the month, state income tax collections are dropping off, increasing the odds the state’s budget hole will grow.

As of April 25, the Franchise Tax Board has received just under $6.5 billion in payments this month — $1.9 billion less than Gov. Jerry Brown’s budget predicts the agency will receive through April 30.

“The revenue numbers are concerning,” Senate President Pro Tempore Darrell Steinberg, a Sacramento Democrat, told reporters at an April 25 media availability. “We know that we’re going to have to make some more tough decisions. We’ll do what we have to do.”

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Kansas and Wichita quick takes: Wednesday April 25, 2012

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Today: Income growth in Kansas and Sedgwick County; Tax reform is needed in Kansas; Protect us from onion prices; Silencing ALEC; TSA in Wichita, and in general; An extra comma; If I wanted America to fail.

College Republicans unimpressed with Obama’s campus tour

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By Adam B Sullivan President Obama is pushing hard to regain youth support this year, but College Republicans at the University of Iowa aren’t buying it. The president spoke in Iowa City on Wednesday as part of a three-day campus tour to push Congress to pass legislation that would keep student loan interest rates down. [...]

Regulation for the sake of business

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There are many examples of how the conventional wisdom regarding regulation is wrong, That wisdom being Republicans and conservatives are in bed with government, seeking to unshackle business from the burden of government regulation. Democrats and liberals, on the other hand, are busily crafting regulations to protect the middle class from the evils of big business. As it turns out, both Democrats and Republicans love creating regulations, and big business loves these regulations. Business often uses government regulation as way to harm its competitors or gain advantage for itself, which is contrary to the principles of free markets and capitalism.