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Governor Candidate Alexander: Whitman’s Tax Plan will Doom California Budget
 Peace and Freedom Party
May 05, 2010
California Governor Candidate Stewart Alexander says “Meg Whitman’s fiscal road map for California leads directly to Wall Street, it’s a plan that will benefit the richest 1 percent of Californians and create a junk bond credit rating for California.”
Meg Whitman has presented her fiscal policy agenda in “Meg 2010: Building a New California,” “I have a road map to create 2 million private-sector jobs by the beginning of 2015.” Alexander claims “It’s just another road map that will benefit Wall Street bankers, will increase the state deficit by more than $12 billion and will not solve the state’s unemployment crisis.”
According to analysis provided by Kersten Communication, “Republican frontrunner Meg Whitman has proposed a package of tax cuts primarily consisting of the elimination of the state capital gains tax, which is estimated to cost the state roughly $11 billion annually. Whitman has also proposed a package of more targeted “job-creating tax cuts” which includes a sales tax exemption or tax credit for manufacturing equipment ($1-2 billion), an increase in the state research and development tax credit ($60 million), a $10,000 tax credit for new home purchases ($100-$200 million plus), and a hiring tax credit for green technology job creation ($50-$100 million estimated).”
Presently, California has a $22 billion budget deficit and Alexander says Whitman’s plan would rob the state of needed revenues and would result in cuts to essential state programs and services such as education, health care, public safety, transportation and infrastructure. “Voters need to understand that Whitman’s plan will only benefit the wealthy and super rich; it’s a plan that will offer little or no benefits for working people.”
Meg Whitman is campaigning against Republican Insurance Commissioner Steve Poizner to win the Republican Party nomination in the upcoming June 8th Primary. Last week, Stewart Alexander called on Steve Poizner to join his call to have Congress launch an immediate investigation of Meg Whitman after the SEC file charges against Goldman Sachs, a Wall Street financial giant, on charges of fraud and corruption. Meg Whitman sat on the board of Goldman Sachs before resigning seven years ago in a controversy over how she and other executives received shares in initial public offerings. Goldman Sachs played a key role in the mortgage meltdown that triggered the global financial crisis.
For more information search the Web for: Stewart Alexander for Governor
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