FROM Mac Taylor
Projected Deficit Is Much Higher than Anticipated Next year's state budget deficit will be $19 billion, as previously predicted, but this year's budget is $6 billion out of balance, making a grand total of $25 billion. That's according to non-partisan California Legislative Analyst Mac Taylor in a report out today.
Budget Gap Is 'Awful,' Legislative Analyst Says Governor Ronald Reagan said he was so opposed to income tax withholding in California that his feet were in concrete. When he finally approved it, he said, "The concrete cracked." Last week the concrete cracked around Governor Schwarzenegger's feet. In addition to spending cuts to help solve the state's fiscal crisis, he called for an increased sales tax and a $12 annual vehicle license fee. Although fellow Republicans in the legislature still insist that's the wrong thing to do, especially in a recession, the non-partisan Legislative Analyst has chimed in, calling the Governor's proposals " credible " but differing over some details.
Trump's Russia ties intensify with Comey firing Acting FBI Director Andrew McCabe contradicted the Trump White House today, insisting the Bureau had not lost faith in former Director James Comey. He promised to notify the committee of any interference into investigation of the Trump campaign's contacts with Vladimir Putin's Russia. What do we know about those contacts… and how they relate to Trump's business interests and those of his family?
White House budget proposal slashes and burns President Trump's first budget request is considered dead on arrival in Congress — a familiar development in Capitol Hill. We hear what it reveals about the priorities of the new administration. What's likely to die… and what might survive?