Friday, August 29, 2014
PLACERVILLE, CALIFORNIA
99 CENTS

No to Proposition 24

By
October 8, 2010 |

Proposition 24 is simple. It is another attack on small businesses by the California Teachers Association, a group that is all about money and very little about what will reduce the drop-out rate in Southern California and what will improve educational outcomes in this state.

Proposition 24 would end the Net Operating Loss provision of the California Tax Code, which is, on this point, in conformity with federal tax law. NOL allows a business that had a loss this year — and there are many facing a year without profits — to apply for a refund for the two prior years when business may have been better. The balance of the loss is carried forward over the next 20 years. That is the way federal tax law operates and the way the state operates.
The CTA calls it a loophole for big corporations. In reality it is small businesses that are most in need of this tax equity measure. Congress added NOL to the tax code to compensate for inequities that result from the progressive tax system. The state Franchise Tax Board estimates eliminating the Net Operating Loss provision would affect 120,000 businesses. This is where the jobs are generated. In a state with 12.4 percent unemployment, there’s not a lot of job generating going on. And this proposition will only worsen the situation by permanently removing the NOL from state tax codes.
The state budget deal recently reached suspends the Net Operating Loss provision for two years, rendering this proposition mostly moot. The budget deal is a temporary suspension and will return state tax law into conformity with federal tax law in this one area. Don’t make it
permanent.
The Mountain Democrat urges a no vote on
Proposition 24.

Subscription Required

Thank you for reading the MtDemocrat.com digital edition. In order to continue reading this story please choose one of the following options.

Current Subscribers
If you are a current subscriber and wish to obtain access to MtDemocrat.com, please select the Subscriber Verification option below. If you already have a login, please select "Login" at the lower right corner of this box.

Subscriber Verification

Special Introductory Offer
For a short time we will be offering a discount to those who call us in order to obtain access to MtDemocrat.com and start your print subscription. Our customer support team will be standing by Monday through Friday, 8am to 5pm to assist you.

Call and Save! (530) 344-5000

If you are not a current subscriber and wish not to take advantage of our special introductory offer, please select the $12 monthly option below to obtain access to MtDemocrat.com and start your online subscription

Help?

David Martinelli

.

News

Heard over the back fence: Chamber of Commerce tee time

By Bob Billingsley | From Page: B1

 
Supreme Court denies Nutting

By Cole Mayer | From Page: A1

 
Sand Fire Benefit one big success

By Dawn Hodson | From Page: A1

Camp 2 Bridge deconstructed

By Michael Raffety | From Page: A1 | Gallery

 
Acupuncture clinic aims to serve community

By Cole Mayer | From Page: A3 | Gallery

Bigelow’s AB 2073 signed into law

By Kirk Kimmelshue | From Page: A3

 
Scholarship available for local forestry students

By News Release | From Page: A4

 
Mayors to meet for virtual handshake

By Dawn Hodson | From Page: A4 | Gallery

Farmn Bureau endorses Pratt for Dist. 2

By Michael Raffety | From Page: A9

 
Burke’s Corner: August 29, 2014

By Special to the Democrat | From Page: A10

Labor Day closures

By Democrat Staff | From Page: A10

 
SLT Mental Health Clinic moving

By Health and Human Services Agency | From Page: A10

.

Opinion

Billingsley’s Bullets: Upbeat is always better

By Bob Billingsley | From Page: A6

 
Keep Kaser in prison

By Mountain Democrat | From Page: A6

The weekly Daley: A little potpourri for a change

By Chris Daley | From Page: A6

 
.

Letters

Letter to original Miwoks

By Letters to the Editor | From Page: A7, 1 Comment

 
Four days negates five years

By Letters to the Editor | From Page: A7

Amaral for Supervisor

By Letters to the Editor | From Page: A7

 
Two letters’ reply

By Letters to the Editor | From Page: A7

Small farms

By Letters to the Editor | From Page: A7

 
Tabloid headline

By Letters to the Editor | From Page: A7

.

Sports

Tribute to Donnie Tilford

By Bill Sullivan | From Page: A11 | Gallery

 
Heinz-sight: It’s here …

By Jerry Heinzer | From Page: A11

Gridiron season kicks off tonight

By Mike Bush | From Page: A11

 
Bruins happy to be back in D-II

By Mike Bush | From Page: A11 | Gallery

2014 Ponderosa football roster

By Democrat Staff | From Page: A11

 
.

Prospecting

Harris Center presents great performances

By Roberta Long | From Page: B1 | Gallery

 
Things to do: Aug. 29, 2014

By Democrat Calendar | From Page: B2

Sample everything that is good

By Pat Lakey | From Page: B2

 
Award-winning rosarian gives tips

By Mother Lode Rose Society | From Page: B3

Things get spicy in EDH

By Julie Samrick | From Page: B3

 
.

Essentials

Crime Log: Aug. 12-15

By Cole Mayer | From Page: A2

 
.

Obituaries

Donald E. Doyle

By Contributor | From Page: A2

 
Wilma Martin Klein

By Contributor | From Page: A2

Gertrude “Dede” Elaine Wilkinson

By Contributor | From Page: A2

 
Rodney H. Johnson

By Contributor | From Page: A2

Peggy L. King

By Contributor | From Page: A2

 
.

Real Estate

Too much information

By Ken Calhoon | From Page: HS4

 
When life changes hit home, don’t fear

By Marni Jameson | From Page: HS6

Housing affordability declines statewide

Press Release | From Page: HS7

 
Building permits, housing on the rise

Press Release | From Page: HS15

.

Comics

.

Home Source

Too much information

By Ken Calhoon | From Page: HS4

When life changes hit home, don’t fear

By Marni Jameson | From Page: HS6

Housing affordability declines statewide

Press Release | From Page: HS7

Building permits, housing on the rise

Press Release | From Page: HS15