Page 27 - Budget Gap News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Over the country, but right now it's in california. the world's eighth largest economy is in big trouble. california faces deep cuts in education. where have you heard that before in public services, safety due to a massive budget gap. the state estimated a $9.2 billion budget shortfall in january. the weekend it was revealed it's going to be $16 billion gap. tax collections were not as high as expected in april. jerry brown wanted to extend the tax revenue levels from the schwarzenegger administration but they blocked his efforts to put tax revenue on the ballot. the california legislature is...

Economy, creating jobs. house states and governors are actually cutting spending. actually talking about lowering the income tax rate in the state of oklahoma. we have a proposal to significantly reduce the income tax. there are 19 other states to look to reduce their income taxes. and their taxes in their state. we're creating jobs, creating more vibrant economies. >> greta: well, i notice that the unemployment rate nationwide is 8.1%. i did research, february 2012, oklahoma, you are at 6.0. >> we are. >> greta: that is very low. your numbers have been, you know, for the last two years good n...

House states and governors are actually cutting spending. actually talking about lowering the income tax rate in the state of oklahoma. we have a proposal to significantly reduce the income tax. there are 19 other states to look to reduce their income taxes. and their taxes in their state. we're creating jobs, creating more vibrant economies. >> greta: well, i notice that the unemployment rate nationwide is 8.1%. i did research, february 2012, oklahoma, you are at 6.0. >> we are. >> greta: that is very low. your numbers have been, you know, for the last two years good numbers. we're envious of...

There. what maryland just did today, as a matter of fact. is raise taxes for those earning over $500,000. so, it's not just the millionaires tax anymore, and you know, what's going to happen those people are in the same kind of demographic that i am, at the point where the kids are gone, they might not need to be around that area, this'll pick up and they'll move to texas, florida, things that honestly, we're trying to do. >> brenda: and susan, let me bring you in here. what's your take on this? >> this is the world of balanced budget amendments. if you limit the options that the state has. yo...

Has strong, strong feelings about the help. you definitely do not want to miss that. what do we know now we didn't know last week? mitt romney has done what every republican didn't has already done and proposed a massive tax cut and skew towards the wealthiest and supporting the deficit he cares so much about. romney's proposed tax cuts were found to reduce federal tax levels by 10.7 trillion. we know that josh barrow observed if romney wants to push through the tax cuts without increasing the deficit it would, quote, require spending cuts over and above those already necessary to close a lo...