The Republican governor of Kansas wants to use state pension funds to help cover budget holes that have been created by policies that give tax cuts to the biggest corporations and the richest people in the state.
Similarly, the trustees who watch over New Jersey's $80 billion public employee retirement system are suing Republican Governor Chris Christie for stiffing the retirement system because his tax cuts for the rich policies are not bringing in anywhere near enough revenue to cover state expenses, as promised.
For the record, the state of California's Legislative Analyst's Office has a year-end budget surplus forecast of $5.6 billion for fiscal year 2014-2015. Under the leadership of Jerry Brown, who openly campaigned for higher taxes on the rich, the state of California has a projected surplus of $9.6 billion after 2018.
So, yeah, California, New Jersey, and Kansas give us another nail in the Republicans trickle down coffin of economic misery.
- Mark
UPDATE (12-29-14): David Sirota has an article on this topic at Nation of Change.
Similarly, the trustees who watch over New Jersey's $80 billion public employee retirement system are suing Republican Governor Chris Christie for stiffing the retirement system because his tax cuts for the rich policies are not bringing in anywhere near enough revenue to cover state expenses, as promised.
For the record, the state of California's Legislative Analyst's Office has a year-end budget surplus forecast of $5.6 billion for fiscal year 2014-2015. Under the leadership of Jerry Brown, who openly campaigned for higher taxes on the rich, the state of California has a projected surplus of $9.6 billion after 2018.
So, yeah, California, New Jersey, and Kansas give us another nail in the Republicans trickle down coffin of economic misery.
- Mark
UPDATE (12-29-14): David Sirota has an article on this topic at Nation of Change.
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