Brown Still Advising Withhold Tax Proposal
Former Gov Edmund G Brown told UC listeners that California lost nearly 1 billion dollars by not adopting his 1963 withholding tax plan. He said the measure would have raised about 125 million per year and cost taxpayers nothing. Brown predicted Gov Ronald Reagan would eventually sign a withholding tax despite opposition.
MENTIONED IN THIS ARTICLE
Berkeley
Edmund G. Brown
California
Brown
University of California
Student Union
Ronald Reagan
Tax Rebate Extension Advances in California Assembly
An emergency bill to extend the $70 property tax rebate filing deadline to May 15 won near unanimously in the Assembly. The measure, supported by Assemblyman George W. Milias, would affect 250,000 to 500,000 homeowners, with opponents from Assemblymen Bagley and Burke. The bill moves to the Senate amid projected added costs for late claims.
MENTIONED IN THIS ARTICLE
Sacramento
Assembly
George W. Milias
Gilroy
William Bagley
San Anselmo
Robert H. Burke
Huntington Beach
Senate
L Bagley
Jesse M. Unruh
Senate Group OKs Bond Rate Hike for States
The Senate Finance Committee approved raising the state bond sale interest cap from five to six percent. The measure, sponsored by Sen. Gordon Cologne, would take effect only if the constitution is amended with voter approval. Analysts say this step is needed to unlock about $1.3 billion in unsold state bonds as buyers refrain at the current ceiling.
MENTIONED IN THIS ARTICLE
Sacramento
Senate
Um J
Gordon Cologne
India
A. Alan Post
Also Mentioned on This Page
Unruh
Senate Group
Oks
Duffumi
Eee
Tasco’ Opera
Long Beach
Santa Ana
Pomona
la Habra
Dacron
Argus
Camera Shop
Broadway
Palos Verdes Hawthorne
Lakewood
del Amo
Graywood
Oster
Housewares
Newport Center
Fashion Island
Fashion Square
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