Consider CA a cautionary tale for those contemplating supermajorities as a requirement for new tax codes at either the state or national level.
It takes only a third plus one vote to protect loopholes for the entitled.
Pink slips have already gone out for so many CA teachers. There seemed to be some obvious loopholes to close to stave that off, but there were no takers on the other side of the isle and even a defector on our side.
The rats are not leaving the ship, first they have to sink it.
If there is something the netroots or unions can do to help out, lemme know.
50 billion in lost revenue, if there was a supermajority to close any:
50 billion in lost revenue
No loophole left behind:
oil extraction loophole chosen over schools
There will be more proposals to close this or that loophole to come heading into summer, but the oil extraction one is perhaps the most egregious and ought to be revisited again soon:
California 0 extraction tax see table