February 10, 2009 - 10:54 pm
News Feed: California

AM Alert: Taxes on the table, fundraisers across town

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Details of what's under discussion in the budget talks are slowing trickling out.

To be clear, no deal has been struck and negotiations are continuing (and shifting). But Jim Sanders teased out at least some of the taxes on the table for today's Bee:

• Increasing the state's sales tax by 1 cent on the dollar.
• Increasing gasoline taxes by 12 cents per gallon.
• Raising the state's vehicle license fee from 0.65 percent of a vehicle's value to 1.15 percent, with 1 percent going to the general fund and local law enforcement getting 0.15 percent.
• Increasing the personal income tax across the board, either by assessing a surcharge on tax liability or increasing the tax rate.

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