Archives
Whitman’s “Targeted Tax Cuts” Could Have a High Price Tag
(Editor’s Note: This post has been REVISED. The new business tax Whitman refers to is the minimum tax paid by all businesses that have limited liability. That includes corporations, LLC’s, LP’s, LLP’s and LLLP’s. Whitman is not referring to the filing fee paid to the Secretary of State. Eliminating the filing fee costs the state $37 million. Read more »
A Couple More Killer Quotes from an Extraordinary Novel
“Hypocrisy is thriving. And its future is even brighter.”
&
“The mganga* has turned your head.”
“Perhaps,” I replied, “perhaps he has turned my head. But now I know I am looking in the right direction.”
— The Collector of Worlds, A Novel of Sir Richard Francis Burton by Iliya Troyanov
*mganga — medicine man
-30-
Speaking of Bipartisanship: Who Wrote Whose Press Release?
(Editor’s Note: As expected, Gov. Arnold Schwarzenegger signed the first California federal tax conformity bill in five years. Here’s how the bill’s author, Sen. Lois Wolk, a Davis Democrat and the GOP governor portrayed the action. The 80-odd page legislation has a large number of other provisions.)
Governor signs Wolk tax relief bill
Bill prevents onerous taxation of debt forgiveness and renewable energy grants
SACRAMENTO— Governor Arnold Schwarzenegger today signed into law Senate Bill 401, a measure by Senator Lois Wolk (D-Davis) to provide tax relief to California homeowners engaged in short sales or loan modifications, and exempting federal renewable energy grants from taxation. Read more »
Another Name to Consider for the Legislative Office Building
The Assembly has named the Speaker’s Office of Majority Services conference room within the Legislative Office Building at 1020 N St. after the late, long-time Capitol staffer Bill Cavala.
That action makes it unlikely Senate President Pro Tempore Darrell Steinberg, a Sacramento Democrat, will proceed with his resolution, SCR 62, to name the entire building after Cavala, a mentor to many current legislative employees. Read more »
And From the “Nero, Stop Sawing on That Damn Fiddle” File
The Legislature’s most significant action April 8 was to send Gov. Arnold Schwarzenegger the first federal tax conformity bill in five years.
Contained in its 80-pages are numerous tax code changes ranging from boosting penalties for understating liability to treatment of self-created musical works. The most significant provisions in SB 401 by Sen. Read more »
March Revenue Is $356 Million Above Governor’s Estimates
SACRAMENTO – State Controller John Chiang today released his monthly report covering California’s cash balance, receipts and disbursements in March. The month’s receipts rose above the Governor’s 2010-11 budget estimates by $356 million, or 5.9 percent.
“March numbers were strong on both sides of the ledger. Receipts came in above projections and expenditures came in below,” said Chiang. Read more »
A Top Ten List from California’s Republican Party About…
Jerry Brown’s 72nd Birthday Read more »
Bill Would Exempt Under-age Drinkers from Prosecution If They Are First to Call 9-1-1 and Stay Until Help Arrives
Under-age drinkers who report a medical emergency would avoid prosecution if a measure approved April 5 by the state Assembly becomes law.
To avoid being charged, a person under the age of 21 must call 9-1-1 and report “in good faith” that another person under the age of 21 needs medical attention because of drinking alcohol. Read more »
Surprising Number of Small Population California Counties
Under a measure signed by Gov. Arnold Schwarzenegger in March, the state Controller and state Treasurer were given more power to defer and delay payments to various entities, such as public schools.
The idea was to manipulate the state’s cash flow to avoid IOUs like those issued last summer or halting loans to hundreds of public works projects pending sale of future bonds to cover construction costs. Read more »
No, the Vessel With the Pestle Has the Brew that is True
From 1955’s The Court Jester. Danny Kaye and Mildred Natwick as Hubert Hawkins and Griselda:
Hawkins: The pellet with the poison is in the vessel with the pestle. The chalice from the palace has the brew that is true! Right?
Griselda: Right. But there’s been a change: They broke the chalice from the palace! Read more »
- Capitol Cliches (16)
- Conversational Currency (3)
- Great Moments in Capitol History (4)
- News (1,288)
- Budget and Economy (383)
- California History (139)
- Demographics (11)
- Fundraising (74)
- Governor (122)
- Legislature/Legislation (270)
- Politics (173)
- State Agencies (38)
- Opinionation (36)
- Overheard (246)
- Today's Latin Lesson (45)
- Restaurant Raconteur (21)
- Spotlight (110)
- Trip to Tokyo (8)
- Venting (184)
- Warren Buffett (43)
- Welcome (1)
- Words That Aren't Heard in Committee Enough (11)
© 2007-2024 californiascapitol.com | Website design by BKB Design Group | Header desgin by Joan Guelden