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Jerry Brown Says Higher Taxes Can Curb State’s $16B Deficit

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    Author Mike Reagan on the governor’s plan to increase revenue.

  • Duration 5:16
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-- -- -- California governor Jerry Brown now says the State's deficit is sixteen billion dollars up from a nine you know billion dollar estimate just in January.

An extra seven billion in five months amazing is how he plans to fix this problem listen to this.

And bypassing the gridlock and asking you the people of California.

To approve a plan that avoids cuts to schools and public safety.

The play an -- high income earners to be up to 3% war in their income taxes for seven years.

It would increase sales taxes by 14 of 1%.

For four years.

Alright raise taxes on the rich by the way the government got it wrong is not raising taxes by 3% to was actually raising it by 30% to three percentage points higher in tax that amounts -- 13%.

Increase in taxes on the rich.

And the -- is still in support of California's high speed rail project Mike Reagan author of the new Reagan revolution.

Is what does this Monday morning from Los Angeles -- I can't believe.

That would this escalating deficits.

And it's a -- The delivered via YouTube for heaven's sake that he still wants to go ahead -- this 68 billion dollar budget about bullet train.

Really.

What would the president was in her last week raising fifteen million bucks -- -- blue route to and you know Hollywood voice.

-- what did -- support.

-- supported this.

Bullet train to actually nowhere here in California but catch this one.

In order get this done remember the federal governments promised money into this.

California we have to spend six billion dollars between now and 2017.

It was not finished the the money for the federal government starts getting cut back.

That's three and a half million dollars every single day of the week every single day of the year that the spend that kind of money.

A 120 permits to get it done and they would -- purchased 11100.

Parcel of land for most happy.

Ranchers and those agriculture people up there in the central valley.

This is -- not case what's going on in California we don't have the money as you say sixty billion dollar to debt where the three and a half million dollar today gonna come from.

And by the way the federal government what trillions of dollars of debt and they plan to put money into this boondoggle also.

It's really.

Unbelievable what's going on in -- -- -- what -- the reality check Kia.

There's not there is no reality in this state you heard the answer in the YouTube over the week yet.

The back like everybody's going to -- YouTube -- what the governor saying today.

The answer is to raise taxes on the rich and the state California -- the rich -- -- They're leaving this state -- not only really mistake my god -- -- the United States of America.

Because they don't want to pay the taxes put it California for the United States of America so -- -- don't go -- I was out of.

Not much I I don't -- under the so where's it going between January and may.

They raise the deficit by seven billion dollars and same old same old tax the rich raise sales taxes that's how will pay for this deficit.

I just -- to look down the road forests where -- -- going in California.

Until.

They start becoming business friendly again they went from first -- worst in business.

It -- they find a way to bring companies back from Texas back from you -- back from Washington.

Back from Arizona and the user friendly to business I was on -- -- the other day coming back to California from Texas where I was speaking.

Talking to a woman was coming back to visitor friendly.

Her business their business left the state California and moved to Texas and took all the workers with them that's where the tax -- is going not only to build.

-- in this state but they're taking the workers with them to whatever state they go to why because those workers still wanna job.

And it helped the Democrats in this state.

Decide that they -- to be user friendly to businesses this is not gonna change in the state of California.

Then you've got us long slow slide but I maybe it's not so slow I mean.

You you you what you can do -- -- -- about how you wanna get there I have what is what's the rest was.

Four billion.

It -- to nine billion if now at sixteen billion and I will tell you if indeed the people -- California vote to raise your taxes November.

-- go to twenty billion.

Because the rest will leave without money's got to be borrowed hasn't it I mean that's what you sign that the that the saint half or how about how to be bar and I think this -- California is waiting for the election I think the government is simply wait for election.

Hoping Obama gets reelected -- the Democrats take over the -- to represented along with the senate.

And vote to give California a bail out is if you will that work -- -- into.

That's it.

You got it.

Might right and regrettably I'm out of time but thanks for being the voice of reason all over again we do appreciate it thank you might imagine -- -- -- -- -- California that's just outrageous.

Well I think that took it wouldn't be called the -- it announced it would be called -- for the states how do we keep the teachers on the job the police officers on the job the firefighters on the job vol we go to aid the states I'm sure that's me how it would be worded but it would be a bailout by any other night.

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