Word: taxing
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Wrong Move 2003 Facing a $38 billion deficit after the dotcom bubble burst, Governor Gray Davis triples the state's car tax. Incensed voters recall him. Incoming governor Schwarzenegger revokes the increase, which would have raised $4 billion annually...
...July 2, 2009 After a February tax hike and major budget cuts fail to slash its swelling debt, California issues its first round of IOUs. The figure is expected to reach $3 billion by the end of July
...individuals who don't comply with new rules to provide or buy health insurance; $525 billion would come from reductions in Medicare payments to private insurers and money ponied up by drug companies (as touted by Obama in a high-profile White House event); and corporate- and foreign-tax changes totaling $37.2 billion...
...Still, Democrats have said they won't pass anything that isn't fully paid for, and finding the money to plug an estimated $200 billion-to-$320 billion shortfall has been particularly tough. Obama's original proposal to raise the tax deduction for charitable giving by the nation's highest earners seemed dead on arrival, while the House idea of taxing the rich directly has run into resistance from conservative Democrats known as Blue Dogs. One proposal that has gained traction in the past week is to tax pricey, so-called Cadillac health-insurance plans, either directly or by taxing...
...Other revenue-raising proposals include prohibiting the use of Flexible Spending Account money - tax-free funds withheld by individuals to pay for certain medical expenses - for over-the-counter drugs; imposing taxes on alcohol, sodas and other unhealthy beverages; rescinding the nonprofit status of hospitals that act like for-profit companies and no longer offer charity care; and deriving $100 billion from a windfall tax on insurers based on their U.S. market share. But many of these ideas are controversial and face significant opposition from members and Senators representing areas where local companies or hospitals might be adversely impacted...