Another year of taxes, another year where California is still severely in the red. Suzanne Shaw, NBC Bay Area Editorial Director argues it's time to look at our revenue model.
And now, an NBC Bay Area Editorial:
Every day politicians rant against California's taxes, we fall further behind the competition and stall the engine that made us great.
I'm Suzanne Shaw (NBC Bay Area Editorial Director)
No one wants to pay more into a "broken" system, but the system has to be fixed. Our old rules on taxes and fees don't capture the new economy. Businesses are hiring, yet state coffers are shrinking. California spends 28 percent less per person than five years ago. Sales taxes miss the boat; exempting services, software downloads and event tickets.
NBC Bay Area believes any serious effort to solve our cash crisis has to include modernizing our revenue model. We must take a hard look at our revenue problem, hold our politicians accountable for solving it, and get rid of those who stand in the way.
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