Molly Munger News
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With the passage of the first voter- backed statewide tax increase in eight years, Californians sent a clear signal they are tired of failing schools, gridlocked roads and the deterioration over the past decade of the state’s reputation as a standard bearer.
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Do Americans suddenly like tax increases and bigger government? Or did they simply forget what happens when you raise taxes and make government larger?
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California voters approved Governor Jerry Brown’s sales- and income-tax increases, handing the Democrat his biggest victory since he was elected two years ago and averting $5.5 billion of cuts to public schools.
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Legalizing recreational use of marijuana in Washington, allowing same-sex marriage in Maine and permitting physician-assisted death in Massachusetts top a list of ballot measures in 38 states tomorrow.
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California’s Proposition 30, which would raise sales and income taxes, is sinking fast in the polls. Voters are realizing that the measure -- the heart and soul of Governor Jerry Brown’s plan to “save” California -- is just another cynically devised and promoted way to prop up the status quo.
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Campaigns for and against 11 California ballot propositions have raised $350.7 million to influence voters, according to MapLight, a nonpartisan research organization.
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California Governor Jerry Brown said voters face a “moral choice” on his ballot measure to raise taxes to avoid deep cuts to schools.
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As many as 150 of the almost 1,000 school districts in California may face credit downgrades if voters reject two tax measures on the Nov. 6 ballot, Moody’s Investors Service said in a report yesterday.
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As many as 150 California school districts may face credit downgrades if voters reject two tax measures on the Nov. 6 ballot, Moody’s Investors Service said in a report.
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Siblings Molly Munger and Charles Munger Jr., whose father is vice chairman of Berkshire Hathaway Inc., have poured $54.4 million into California ballot measures, stoking a battle with Governor Jerry Brown and powerful labor unions.
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