Brown Still Advising Withhold Tax Proposal
Former Gov Edmund G Brown told a UC Irvine audience that California lost nearly a billion dollars by not adopting his 1963 withholding tax plan. He said the measure would have raised about 125 million annually, cost taxpayers nothing, and would have captured revenue from nonpayers. Brown, a Democrat, 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 Clears Assembly Floor
In Sacramento an emergency bill allowing tardy homeowners until May 15 to file for a $70 property tax rebate won near unanimous Assembly approval. The measure, supported by Assemblyman George W. Millas, would add 250,000 to 500,000 late claimants and faces Senate review, with costs projected at millions per 100,000 late filings.
MENTIONED IN THIS ARTICLE
Sacramento
Assembly
George W. Millas
R-Gilroy
William Bagley
San Anselmo
Robert H. Burke
Huntington Beach
Senate
He Bagley
Jesse M. Unmih
Cees
Senate Group OKs Bond Rate Hike for States
SACRAMENTO A bill to help the state overcome construction problems from tight money moved to the Senate floor. The Senate Finance Committee approved raising the maximum bond interest rate from five to six percent, contingent on a constitutional amendment approval by Legislature and voters. Legislative Analyst A Alan Post urged approval, saying it is a needed step to permit bond sales. The state has about 1.3 billion in bonds unsold as buyers won’t bid at the current ceiling.
MENTIONED IN THIS ARTICLE
Sacramento
Senate
On &Y
Gordon Cologne
R-India
A. Alan Post
Also Mentioned on This Page
Unruh
Senate Group
Oks
He Buffumi
Tasco’ Opera
Long Beach
Santa Ana
Pomona
la Habra
Dacron
Argus
Camera Shop
Housewares
Poitona
ONG Beach
Plae
Broadway
Palos Verdes Hawthorne At
Sliver Spur Ra
Lakewood
Dol Amo
Graywood
Newport Center
Fashton Island
Oster
Habra
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