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Revamping California's tax code

Revamping California's tax code

The California tax code is like a handyman's rickety stepladder, as untrustworthy as it is essential. It's also proving to be hard to fix. Two blue-ribbon commissions have proposed sweeping reforms to shore up the tax code's weaknesses in recent years, only to get lost amid the Legislature's struggle to make ends meet during the downturn. Nevertheless, there may be no time like the present for lawmakers to try to make the state's revenue more reliable. California's coffers have long been filled mainly by sales, income and corporate taxes. The balance among these sources has shifted dramatically over the last 60 years, however, as manufacturing and farming...

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