HALFWAY TO CONCORD » budget proposal http://www.halfwaytoconcord.com Contra Costa News, Politics, Business, Events Calendar Thu, 08 Jan 2009 22:55:40 +0000 http://wordpress.org/?v=2.7 en hourly 1 California Democrats plan to eat the rich with tax proposal http://www.halfwaytoconcord.com/democrats-plan-to-eat-the-rich-with-budget-tax-proposal/ http://www.halfwaytoconcord.com/democrats-plan-to-eat-the-rich-with-budget-tax-proposal/#comments Wed, 09 Jul 2008 14:24:09 +0000 admin http://halfwaytoconcord.com/?p=1754 The proposed hikes include rolling back the dependent child income tax credit expanded in the 1990s, creating two higher income tax brackets for the state's biggest earners and increasing corporate taxes.The Sacramento Bee reports that Democrats are determined to eat the rich in California as it proposes “billions in tax increases on businesses and high earners to help bridge California’s budget shortfall. The proposed hikes include rolling back the dependent child income tax credit expanded in the 1990s, creating two higher income tax brackets for the state’s biggest earners and increasing corporate taxes.”

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