Word: taxing
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...proponents of Sunday sales argue that state budgets are under plenty of pressure too and that by allowing people to buy beer, wine or liquor on Sunday at grocery or package stores, states could reap millions of dollars in tax revenue. Besides, as President Roosevelt learned in the 1930s when he successfully repealed Prohibition, drinks have a way of keeping hopes high when things look bleak. In Johnathan Alter's The Defining Moment: FDR's Hundred Days and the Triumph of Hope, the President recognized that legally-procured cocktails were the way to keep spirits high when Americans were trying...
...when there has been an economic downturn," Laband says. "States realize that consumers will migrate to a place where they can buy what they want. And whatever their reasons are for not wanting to sell on Sunday, these states realize they're paying a price for it in foregone tax revenues. So once the economy goes bad, then the cost of their policies are apparent to them...
...President Obama's recent incentives. "This budget plan has been really counter-intuitive from what people have been hearing about the federal stimulus package," Baldassare says. "We recognize that here's a circumstance where the federal government is moving in one direction, which is to encourage [funding] increases and tax cuts to stimulate, and the state is moving in a different direction." However, Baldassare says he is pleased the state budget is finally balanced: "Getting this budget issue behind us was the most important thing California could do in terms of improving our economic outlook...
...everyone is devastated by the budget's fine print. It includes tax breaks for large corporations, film companies that keep production in-state, buyers of new homes and small businesses that hire new employees. "The state was about to go over a cliff," says Allan Zaremberg, president and chief executive officer of the California Chamber of Commerce. "No tax in a recession is a good tax. But I think the legislature and the governor went out of way to spread taxes by as many Californians and businesses as possible so the impact would not hurt any one industry...
Despite the handshakes and smiles yesterday in Sacramento, the budget crisis is far from over - and the state could be in for a serious citizen backlash over the next few months. In California, tax revenue enhancements must be voted on in a special election. On May 19, voters will determine the fate of $5.8 billion in measures, which also include a permanent state spending cap (which would extend the tax hikes from two to four years) and whether or not to divert money from children's services, mental health programs and the lottery into state coffers...