Simple Tax Initiatives, Not So Simple Impacts

February 23, 2012 · Filed Under Ballot Measures, CA Budget, Taxes · 4 Comments 

A tax increase that could spark new cuts?

"We have a message that is pretty simple and pretty powerful," Molly Munger told a group of political reporters after a recent appearance in Sacramento promoting her education tax initiative.

Similar words have also been used by backers of another proposal, one to hike income taxes on millionaires.

And yet, both measures would add new layers onto an already complex system that governs state tax revenues, while possibly -- and, perhaps, surprisingly to voters -- adding as much as $2 billion to the state's projected deficit.

When it comes to taxes and budgeting, nothing is simple.
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