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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (135038)	3/28/2001 5:52:26 PM
From: tejek	Read Replies (1) of 1571931

"limited to the amount of $$ generated by the new law"?? What is this law a tax law that has all of the funds from it dedicated to mass transit? If the politicians determine mass transit to be a priority I'm not sure why they can't just give it a slightly bigger chunk of the the overall budget. Did they pass a law saying that all mass transit spending can only come from this dedicated tax? Could you explain this a bit more? Tim, I think its a sales tax of 2 percent......depending on county retail sales in any given year, that's the limitation of the law. The metro area had to take this approach because Prop 13 and the legislation around it was very limiting in establishing new ways to tax. BTW the loophole that permitted the 2 percent tax has since been closed, and it could not be enacted today. CA has been one of the most aggressive places to reduce taxation in this country. People who think like you rule. And now CA is bearing the consequences of that way of thinking, and unfortunately is hurting the rest of us along the way because of its size and importance to the US economy. ted

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