GOP’s chance to rub SALT into some blue-state wounds | Other views

California’s state budget is inordinately dependent on taxing the incomes of wealthy residents. Gov. Gavin Newsom’s proposed 2025-26 budget assumes that the state will receive $133.7 billion in personal income taxes, more than 60% of general fund revenues. Nearly half of that would be paid by the 1% of Californians sitting atop the taxable income ladder. The downside

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