this post was submitted on 14 Jun 2023
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California lawmakers reach transit bailout deal: Will Gov. Newsom go along? (www.eastbaytimes.com)
submitted 2 years ago by [email protected] to c/bayarea
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A light at the end of the tunnel

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[–] [email protected] 2 points 2 years ago

California apparently had a surplus until the stock market started going down and hurting investment performance which hurt the incomes of wealthy californians. The corporations, ofc, are still wildly profitable, we just don't extract taxes from corporations and instead do it from capital gains. Fucking stupid.