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Brown Defends Tax Deal, Promises Reserve if Measure Passes

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(Sacramento, CA)
Tuesday, March 20, 2012

One of the biggest complaints about California's tax system is it relies too much on income tax revenues from the rich.  In fact, that's a criticism the governor himself used against the Millionaires Tax.  He said his sales and income tax proposal was more balanced.  But to ensure that rival measure wouldn't be on the November ballot, Brown agreed to shift a greater burden to the wealthy.  Asked if his compromise would make the state's finances even more volatile, he said "not really."

Brown: "My goal is to use the money for the tax measure - if it passes - and pay for the programs, pay down debt and get ready for the next recession with a reserve.  And that will be a big, continuing fight with a lot of interest groups, but that's my plan."

Meanwhile, the governor says there's "a very fierce campaign on the horizon" against an education tax measure funded by wealthy civil rights advocate Molly Munger.

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