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Red Ink, Budget Cuts and Tax Loopholes

The state deficit has gone from 14 to 16 billion dollars. Neither Democrats nor Republicans like Governor Schwarzenegger’s budget, which would cut almost 5 billion from education alone. On Reporter’s Notebook, 48 state parks are slated for closure—at a savings of 13 million. We’ll hear from the campaign to keep them open.

Main Topic

Anti-tax Governor Considers Closing Tax Loopholes ()

In January, with a 14 billion dollar deficit, Governor Schwarzenegger proposed a 10% cut in spending across the board including almost 5 billion from schools. Now the deficit is estimated at 16 billion by the Legislative Analyst, Elizabeth Hill. She works for both Democrats and Republicans; she conducts bipartisan analysis of legislative proposals, and this year she’s come up with some ideas of her own. She says the state could save some programs—especially in education—by eliminating what are called “loopholes” that are not as valuable. When it comes to closing so-called ”tax loop holes,” Governor Schwarzenegger says Ms. Hill has a good idea. He “When he have a financial crisis like this, we all should chip in.” But that’s not a sentiment shared by many fellow Republicans.
Guests:
  • Elizabeth Hill: Legislative Analyst for the State of CA Legislative Analyst's Office
  • Roger Niello: Republican Assemblyman
  • Ken Miller: Assistant Professor of Government at Claremont McKenna College

Reporter's Notebook

Campaign to Stop Closure of the State Parks ()

The Governor’s proposal would save 13 million dollars by closing 48 State Parks .
Guests:
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Underwriters

Which Way L.A.? is made possible in part by the Ralph M. Parsons Foundation, the Nathan Cummings Foundation, and the John Randolph Haynes and Dora Haynes Foundation, which supports study and research into policy issues of the Los Angeles region.

 

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