It is now official. The Franchise Tax Board has been told by State controller John Chiang (chung) not to send any more refund requests because his office will be unable to process them before Feb. 1st, dooms day.
In a world of tumbling stocks, zero percent interest rates, stimulus packages and out of control corporate spending California State leaders want to raise our taxes, [...]
Posts Tagged ‘IOU’
It is official, state controller halts tax refund payments
Please remit $2 billion to redeem income tax refund IOU
After the governor vetoed the Democrats illegal budget plan he proposed a four legged solution. The governor said that “the best way to solve our problems is with a balanced approach that is designed like a four-legged stool”. The governor held a press conference telling the state about his stool, text and video can be viewed on his website.
The four legs are:
reduce spending [...]
California State Controller Warns Legislators will get IOUs
Finally the state is starting to tell the legislators that we need to fix the problem and it is hitting their pocket books. The state plans to give legislators IOUs to replace wage payments starting in February if the budget is not fixed.
Lets just hope that the Republicans do not cave. I am sure they [...]
