What Does History Tell Us? The state’s fiscal history is riddled with budgets that made permanent spending increases and tax cuts based on temporary revenue increases driven by capital gains. After these spikes in revenues disappeared, as they always do, the state has been forced to cut programs and raise taxes. This boom bust cycle is exacerbated by the fact that 2/3’s of all general fund revenues come from the PIT and almost 50 percent of all PIT collected in the state come from only one percent of the taxpayers. So when a handful of highly affluent individuals gets a financial cold, the state budget gets a severe case of influenza – or worse. And that is what happened to previous governors when the capital gains tax bubble burst – they had a fiscal roller coaster on their hands. … [Read more...] about California’s Fiscal Outlook 2014-2015 — A Multi-Billion Dollar Opportunity or Headache?
9 year old with headaches
Among the “early settlers” are perennial Blawg 100 favorites the Volokh Conspiracy, founded by Eugene Volokh, a professor at the University of California-Los Angeles School of Law; Robert Ambrogi’s Lawsites, written by Rockport, Mass., lawyer, writer and media consultant Robert Ambrogi; TheCorporateCounsel.net, written by by Broc Romanek, a former lawyer for the U.S. Securities and Exchange Commission; SCOTUSblog, founded by U.S. Supreme Court litigator Tom Goldstein; My Shingle, written by Washington, D.C., solo Carolyn Elefant; and How Appealing, written by Willow Grove, Pa., appellate attorney Howard Bashman, which also launched in 2002. … [Read more...] about Around the Blawgosphere: Why Can’t We Deduct Student Loan Interest from Taxes?; 10-Year Blawggers
Kendra Jackson was leaking half a pint of cerebrospinal fluid–the liquid in which your brain is floating right now–every day for five years. Doctors told her that it was merely a chronic allergy problem, despite warning signs like the constant salty taste in the back of her throat. Despite near-suicidal desperation, Jackson pushed through the constant headaches and endlessly runny nose. … [Read more...] about Woman’s Five-Year Runny Nose Was Her Own Brain Fluid
Watering holes near the main entrance to Coors Field are suffering an alarming customer drought during what should be the high season for sports bars. Their owners blame a natural gas pipeline project that Xcel Energy says is dragging on far longer than expected. … [Read more...] about Pipeline project causes parking headaches for sports bars near Coors Field
“I think that the critical issue is going to be what the price of soybeans is in the early morning farm reports on Election Day,” said Mike Jacobs, the former editor and publisher of The Grand Forks Herald, in North Dakota’s third-largest city. … [Read more...] about A Supreme Court Vote Is Just One of Heidi Heitkamp’s Headaches