The latest state budget proposal contains a $700 million corporate tax cuts advocated by Carl Guardino. Guardino told the Mercury News, "All good things come to those who wait."
Combined with other corporate tax incentives approved earlier by the legislature, the state will lose $1 billion in taxes. The California Budget Bites blog put what that $1 billion could have funded:
- $170 for every student in California’s public schools;
- Enough funding to restore proposed 2009-10 cuts to higher education, In-Home Supportive Services, and services for people with developmental disabilities and to provide a cost-of-living adjustment for families in the CalWORKs Program; or
- Almost as much as the General Fund’s portion of the proposed increase in Vehicle License Fees ($1.2 billion).
Essentially we are asked to pay more while corporations Guardino represents pay less.
Like other public services, public transit has fared poorly under the budget proposal. According to California Transit Association, the budget proposal calls for the elimination of the State Transit Assistance funds, which reduce transit funding by half a billion, on top of the cuts implemented by the legislature in previous years. CTA calls this as the "Armageddon Scenario."
Because of the steep funding cuts, various transit agencies are requesting federal stimulus funds to backfill loss state funding under the "preventive maintenance" category.
The only consistent position on taxes from SVLG is that the little guys should pay more of it through various sales taxes and fees and the big corporations pay less through various corporate tax cuts. SVLG is no way progressive. It only pretends progressive when it campaigns for more sales taxes.