Congressional tax experts say industry taxes are $29 billion higher in health billOctober 6th, 2009 Higher taxes in health care billWASHINGTON — Congressional tax experts say Senate health care legislation would impose $29 billion more in taxes on health care industries than originally thought. The Joint Committee on Taxation says drug companies, medical device manufacturers and insurers would pay $121 billion over 10 years as a result of taxes in the Senate Finance Committee bill.
Calif. will begin redeeming IOUs as interest payments will cost taxpayers nearly $10 millionSeptember 3rd, 2009 Calif. to pay nearly $10 million on IOU interestSACRAMENTO, Calif. — California taxpayers will pay nearly $10 million in interest on the nearly half a million IOUs the state has issued this summer.
Calif. Assembly approves plan to cut state prison budget, keep more inmates behind barsSeptember 1st, 2009 Calif. Assembly approves scaled-down prison planSACRAMENTO, Calif. — The California Assembly has approved a bill seeking to reduce the state corrections budget, as Republican lawmakers assailed it as a threat to public safety.
California to stop issuing IOUs to thousands of vendors on Sept. 4 as state budget stabilizesAugust 13th, 2009 Calif. to stop issuing IOUs s budget stabilizesSACRAMENTO, Calif. — The California controller says the state can stop issuing IOUs to vendors on Sept.
Senate health committee is first panel to act; vote follows party linesJuly 15th, 2009 Sen. Kennedy's committee passes health care billWASHINGTON — The Senate health committee has passed legislation to revamp health care, becoming the first congressional committee to act on President Barack Obama's goal of overhauling the system this year. The Health, Education, Labor and Pensions Committee voted 13-10 along party lines to pass a $600-billion measure that would expand coverage to nearly all Americans by requiring individuals get insurance and employers to contribute to the cost.
Schwarzenegger, Calif. lawmakers say progress being made on state's $26.3 billion budget gapJuly 12th, 2009 Calif. leaders: We're making progress on $26B gapSACRAMENTO, Calif. — Gov. Arnold Schwarzenegger and legislative leaders reported steady progress on California's $26.3 billion budget mess and raised the prospect of a resolution in the coming week.
California IOU recipients could be left scrambling for cash after Friday; bank plan criticizedJuly 8th, 2009 Banks' plan to refuse California IOUs takes heatNEW YORK — After taking multibillion-dollar bailouts from the federal government, some of the nation's biggest banks are declining to lend a hand with a different financial mess: the California budget stalemate. The banks, including JPMorgan Chase & Co., Bank of America Corp., Wells Fargo & Co.
Small businesses brace for impact as broke California sends out IOUs instead of cashJuly 3rd, 2009 IOUs spell uncertainty for Calif. small businessesBERKELEY, Calif.
Calif. budget deadline looms as lawmakers make no progress on fixing $24.3B state deficitJune 30th, 2009 Calif. lawmakers face deadline to avoid IOUsSACRAMENTO, Calif. — A midnight deadline loomed Tuesday as California lawmakers and Gov.
Compromise over California budget deficit remains elusive with IOUs just days awayJune 29th, 2009 Calif. Senate OKs budget headed for certain vetoSACRAMENTO, Calif. — The California Senate has approved a Democratic budget that faces a certain veto from Republican Gov.
California controller says issuing $3B in IOUs a sign of fiscal mismanagementJune 27th, 2009 Controller: IOUs signal Calif fiscal mismanagementSACRAMENTO, Calif. — Thousands of Californians will be hurt and it will cost millions if the state is forced to hand out IOUs instead of payments next week, the state controller said Friday.
California controller says issuing $3 billion in IOUs a sign of fiscal mismanagementJune 27th, 2009 Controller: IOUs signal Calif fiscal mismanagementSACRAMENTO, Calif. — Thousands of Californians will be hurt and it will cost millions if the state is forced to hand out IOUs instead of payments next week, the state controller said Friday.
Calif. lawmakers remain deadlocked over solving budget crisis; IOUs expected next weekJune 26th, 2009 Calif. IOUs loom as lawmakers remain at impasseSACRAMENTO, Calif. — California lawmakers remain at an impasse over solving the state's $24.3 billion deficit as the state controller prepares to hand out roughly $3 billion in IOUs.
As fiscal crisis looms, Calif lawmakers fail on first legislative vote to close $24B deficitJune 25th, 2009 Calif lawmakers fail on first try to close deficitSACRAMENTO, Calif. — A Democratic plan to begin closing California's $24 billion budget deficit failed Wednesday, as legislative leaders planned to work through the weekend to avoid a cash crisis when the new fiscal year starts next week.
Calif. lawmakers debate budget fix as state controller warns of IOUs as early as next weekJune 24th, 2009 Calif. Legislature begins debate over budget fixSACRAMENTO, Calif. — Lawmakers have begun a sharp debate about a Democratic plan to close California's projected $24 billion deficit but a quick resolution seems unlikely.
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