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SunSeeker

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Home country: USA
Current location: Southern California
Member since: Sun Mar 20, 2011, 12:05 PM
Number of posts: 9,117

Journal Archives

Bill to raise CA minimum wage to $9.25 clears Assembly

A bill to raise California's minimum wage to $9.25 over the next three years won approval Thursday in the state Assembly. Assembly Bill 10 by Assemblyman Luis Alejo, D-Salinas, passed 45-25 mostly along party lines. It would be the first bump in minimum wage since 2008, when it was raised by 50 cents to $8. "The last time the minimum wage was increased, gas was $3.25 a gallon in California," Alejo said. "I don't know about you, but I haven't seen gas prices at that level in a long time."
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The California Chamber of Commerce listed Alejo's bill on its annual list of "job killers," saying it unfairly raises employers' costs of doing business in the state.
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Alejo disagreed that his bill would slow the economic recovery. "When minimum wage workers have more money, they spend it," he said. The bill now heads to the Senate for consideration.

Read more here: http://blogs.sacbee.com/capitolalertlatest/2013/05/bill-to-increase-states-minimum-wage-passes-assembly-floor.html#storylink=cpy

LA Times lies that average effective corporate tax rate is 27%

In a particularly creepy article by Jim Puzzanghera, entitled "Quiz: Do U.S. corporations pay too little in taxes?" Puzzanghera invites readers to take a "quiz" that could have been written be a Koch brother.

http://www.latimes.com/business/money/la-fi-mo-quiz-corporate-tax-quiz-20130528,0,3937955.story

It is basically designed to tell you that U.S. corporations are the most taxed in the developed world (that is the 1st question!). Then, to prove it, they lie. Question #4 asks "What is the average effective tax rate for U.S. corporations?" The choices are: 17%, 22%, 27%, or 32%. As any Google search would tell you ALL of those choices are wrong. It is 13.4% at best. The U. S. corporate tax burden is smaller than average for developed countries. http://www.cbpp.org/cms/?fa=view&id=784. But the LA Times says you'd be wrong if you picked anything other than 27%.

Looks like Rupert Murdoch already bought the paper...

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