- California's state budget is in great shape, perhaps better than ever (at least in recent history)
- the "soak-the-rich tax" (Proposition 30) raised state top income tax bracket from 10.3% to 13.3%
- the "soak-the rich tax" expires at the end of 2018
Others would like a "permanent" tax and at higher rates.
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GDP Now 4Q15 Forecast Updated For November 25, 2015: 1.8%
Dynamic link:The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2015 is 1.8 percent on November 25, down from 2.3 percent on November 18. The forecast for the fourth-quarter rate of real consumer spending declined from 3.1 percent to 2.2 percent after this morning's personal income and outlays release from the U.S. Bureau of Economic Analysis.
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