We take a look at all the new taxes
Californians are now paying, thanks to the passage of Prop 30. How does it
affect your pocketbook, and the state's economy as a whole? Is it good to shore
up the state's finances? Or better to unleash job creating entrepreneurs? You
PART ONE: We voted for Prop 30,
which was a big win for Governor Brown. But are some of us now regretting it?
Tonight, we look at the benefits and costs of raising taxes in these shaky
economic times. Ed Laskos and our "Saving the California Dream"
producer Heidi Cuda discuss the issues with our Fox 11 Financial
Analyst Neeraj Chaudhary and Joel Fox, President of the Small Business Action
PART TWO: Golfer Phil Mickelson hit
into the rough when he complained about California's higher taxes. He was
criticized, but did he have a point? Some people aren't happy that he
apologized for his comments.
PART THREE: A new ruling means
thousands of California businesses will have to pay back taxes on several years
of capital gains deductions that a no longer allowed. Now many small business
owners are being socked with a huge tax bill they were not expecting.
PART FOUR: Dueling Governors Jerry
Brown and Rick Perry are at it again. Perry is trying to convince California
business owners to move to Texas and Governor Brown isn't happy about it. See
what Brown has to say about Perry's latest attack on our state.