Friday, November 14, 2008

Mr. "Governator", Please Don't Kick Businesses When they're Down



In California, the Governor is faced with an $11.4 Billion budget deficit. Our "Governator" has proposed an economic stimulus plan that would have the state sales tax increased by 1.5% for a 3 year period. Ideally this would bring much needed revenue for the state...but wait a minute here. I said "ideally" it would do that. However, what if the increase in sales tax causes people to buy less and the result is more businesses closing? A very real possibility. It could create a further economic deterioration and downward spiral. I really don't want to go to any more "going out of business" sales!


Other ideas brought forward in the Governors package I can really get behind. They include calling for scaling back holiday pay to straight time rather than time and a half for all state employees. And by the way, we have nearly 235,000 state employees. And eliminating 2 paid holidays per year. That still leaves plenty more paid holidays. I don't get any paid holidays at all. Hey...I think people are lucky to be working in this economic environment and this type of payroll adjustment can save the state $1.4 billion per year.


Imagine if we had those 2 adjustments in place 6 or 7 years ago...we wouldn't have a deficit at all!


So please Mr. Governor, don't kick businesses when they're down...


Your comments are welcome.


And thank you for making me Your Orange County Real Estate Connection.


Best regards.


Michael Caruso, Broker ABR ABRM CRB CRS GRI
2007 President, Orange County Association of Realtors

No comments:

Post a Comment

Leave a Comment!

Related Posts Plugin for WordPress, Blogger...