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Group Headed by Billionaire Will Wait to Push Tax Measure

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(Sacramento, CA)
Tuesday, January 17, 2012
The "Think Long" Committee announced late last year its proposal to overhaul California's tax structure.  It wants to flatten the income tax and extend the sales tax to services with a goal of creating more reliable revenue streams for the state. 
The committee's creator is billionaire Nicholas Berggruen and its membership boasts several prominent Californians, including former Governor Gray Davis and former U.S. Secretary of State Condoleezza Rice. 
The group now says it will concentrate its efforts on the November 2014 ballot.  The move goes toward clearing the way for Governor Jerry Brown's proposed sales and income tax measure for this year's ballot. In a statement, Brown said "Think Long" is doing very important work and he looks forward to working on the critical issue of more permanent tax reform.
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