Tue, Sep 15, 2009 -- 5:30 PM

Overhauling California's Tax Policy
If there's one thing Democrats and Republicans agree on in Sacramento, it's the need for a major reform of California's tax policy. A blue ribbon commission, with members appointed by the governor and Democratic legislative leaders, will soon release its ideas for tax reform. The proposals include plans for a flatter income tax and a new levy on business receipts to replace the current sales and corporate taxes.

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