News From California

[_Brackite]

California's election on June 5th:

The Following information is from Ballotpedia:

June 5, 2012 ballot measures in California

June 5, 2012 is the date of California's 2012 primary. The statewide ballot will feature contests on Proposition 28 (Term Limits) and Proposition 29 (Tax on Tobacco), as well as the 2012 presidential contest, and primary contests for U.S. Congress, state senate and state assembly.

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Link: http://ballotpedia.org/wiki/index.php/J ... California



The State of California compared to other States, now has a pretty low tax rate on cigarettes, which is at $0.87 per pack. If Proposition 29 passes in California this coming Tuesday, the tax rate on cigarettes will increase on October 1st to $1.87 per pack.


Cigarette taxes in the United States:
http://en.wikipedia.org/wiki/Cigarette_ ... ted_States

[_moksha]

[The State of California compared to other States, now has a pretty low tax rate on cigarettes, which is at $0.87 per pack. If Proposition 29 passes in California this coming Tuesday, the tax rate on cigarettes will increase on October 1st to $1.87 per pack.


Cigarette taxes in the United States:
http://en.wikipedia.org/wiki/Cigarette_ ... ted_States

That will be even higher than Utah's sales tax on cigarettes. Good for California. That might be the needed impetus to get some of those smokers to quit.

[_Brackite]

Prop. 29's tobacco tax teeters on edge of defeat:
http://www.latimes.com/news/local/la-me ... 1044.story

Prop 29 result could spell trouble for Brown's tax proposal:
http://abclocal.go.com/kgo/story?sectio ... id=8692106

Prop. 29 Opponents, Supporters Say Vote Still Too Close To Call:
http://www.californiahealthline.org/art ... z1x9EHvxpw


Proposition 29 - Tax on Cigarettes for Cancer Research:

Yes - 1,933,064 49.3%
No -- 1,988,521 50.7%

Link: http://vote.sos.ca.gov/returns/ballot-measures/

[_moksha]

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Pension Tsunami:
http://pensiontsunami.com/

Carumba, who could have forseen that the Baby Boomers would someday retire?!!!

What a wonderful conservative idea for the employers to take back this pension money. More gold shekels to hoard, eh Mr. Potter?

[_moksha]

Proposition 29 - Tax on Cigarettes for Cancer Research:

Yes - 1,933,064 49.3%
No -- 1,988,521 50.7%

This extra cigarette tax revenue needs to go to the State of California's budget to help stay out of debt.

[_Brackite]

That will be even higher than Utah's sales tax on cigarettes. Good for California. That might be the needed impetus to get some of those smokers to quit.

This extra cigarette tax revenue needs to go to the State of California's budget to help stay out of debt.

Dear Moksha,

I do agree that the tax rate on cigarettes in California is too low, however, if Proposition 29 ends up passing narrowing not any of that money will likely be used to help pay down the big budget deficit there.

Prop. 29 backers hold out hope as gap narrows:
http://www.sacbee.com/2012/06/07/454695 ... -hope.html


29 Tax on Cigarettes for Cancer Research:

Yes - 2,041,572 49.4%
No -- 2,087,201 50.6%

Link: http://vote.sos.ca.gov/returns/ballot-measures/

[_Brackite]

29 Tax on Cigarettes for Cancer Research:

Yes - 2,193,542 49.6%
No -- 2,230,666 50.4%

[_Brackite]

29 Tax on Cigarettes for Cancer Research:

Yes - 2,335,407 49.7%
No -- 2,366,151 50.3%


It looks like that Proposition 29 in California will be just a Puff away short of passing, since now that nearly all of the votes cast have been counted there. While I do believe that the tax rate on cigarettes in California is too low, it is probably best that Proposition 29 did not end up passing there. I strongly believe now that Pension reform should end up passing in California before any more new taxes end up passing there.

Insight: California's Brown set for fight over pension reform:
http://in.reuters.com/article/2012/06/0 ... AO20120608

Dan Morain: The heat is on Jerry Brown and the Democrats:
http://www.sacbee.com/2012/06/10/454908 ... n-and.html

[_Brackite]

The wrong cigarette tax:
http://articles.latimes.com/2012/jun/08 ... 9-20120608

Proposition 29 crippled by its flaws:
http://briancalle.ocregister.com/2012/0 ... on-reform/


Gov. Brown should recognize Californians want pension reform: http://briancalle.ocregister.com/2012/0 ... on-reform/

Pension Issue Set to Erupt in California:
http://www.thefiscaltimes.com/Articles/ ... aspx#page1


The Unemployment rate for California is now at 10.8%.

California: http://www.deptofnumbers.com/unemployment/california/

[_Brackite]

Here is some Good news.

Campaign to defeat Jerry Brown's tax measure gears up:
http://www.sacbee.com/2012/06/18/456944 ... rylink=cpy