Assembly Democrats call for new oil tax, borrowing from Wall Street to balance California's budget
Tuesday, May 25, 2010 - 18:31
in Mathematics & Economics
State Assembly Speaker John A. Perez on Tuesday outlined an alternative path to balancing California's budget that would raise oil taxes, delay corporate tax breaks and borrow billions from the nickel-and-dime deposits consumers make on recyclable bottles -- and would not require any Republican support.