News Release

For Immediate Release:
January 10, 2008
Contact: Nick Hardeman
(916) 319-2012

Statement On The Budget Assembly Majority Whip Fiona Ma

 

“As a Certified Public Accountant, I know that the revenues and expenditures must add up.  The California State Assembly is leading by example by reducing our expenditures by ten percent, but the Governor’s call for across the board 10% cuts defies common sense.

The Governor’s approach ignores the fact that some programs are more wasteful or less important than others.  It turns a blind eye to loopholes that could be closed, misses efficiencies that could be achieved, and lacks new commitments that would grow the economy and provide jobs in California, such as reforming our outdated corporate tax apportionment system.

It is also crucial to remember that for every tax dollar California sends to Washington, DC, this Republican White House returns just 79 cents.  No long term budget solution can avoid this federal funding disparity.

Today begins a difficult yet important discussion about our values and California’s future.  Let’s get it right this time.”
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