CA Democrats detail tax increase proposals - sacbee.com: "Democrats on Tuesday proposed billions in tax increases on businesses and high earners to help bridge California's budget shortfall.
The proposed hikes include rolling back the dependent child income tax credit expanded in the 1990s, creating two higher income tax brackets for the state's biggest earners and increasing corporate taxes.
The long-awaited list of revenue proposals faces near certain defeat, however, as Republican lawmakers have repeatedly said they are unified in their opposition to any tax increases. Approving a budget and increasing taxes requires a two-thirds vote, which means GOP support is mandatory."
