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Live Twittering From the California Tax Reform Commission

September 10, 2009 - 12:37pm

I'm at UCLA today at the state's tax reform commission (the Commission on the 21st Century Economy) and will be twittering highlights for as long as I can stand it. at joemmathews.

The commission is supposed to make recommendations to the legislature (for an up or down vote) later this month, and two commissioners -- Stanford economist John Cogan, a Republican, and UC Berkeley law school dean Christopher Edley, a Democrat -- have made a presentation of a recommended package. Highlights: flatter personal income tax, phase out of state sales tax, elimination of corporation tax, establishment of a 4.2 percent business net receipts tax (BNRT), a form of value added tax.

The commission's recommended package also includes one ballot measure: a constitutional amendment establishing a stronger rainy day fund.