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Jerry Brown: California saved its economy by doing the exact opposite of what the GOP wants

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Recognizing the threat of climate change, cutting fat from the budget and raising taxes — that’s the threefold plan California’s Gov. Jerry Brown (D) says brought his state’s economy back from the brink.

In an interview with “60 Minutes,” Brown talked about how legislating for climate change and increasing taxes on the wealthy helped take California from the ninth largest economy in the world to the sixth and turned more than $50 billion of debt into a budget surplus of over $7 billion.

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“The fact is that we cut the budget,” said Brown. “We raised taxes and the economy roared back.”

“60 Minutes” anchor Bill Whitaker said, “You cut the budget, you raised taxes, these days that sounds like a prescription for political suicide.”

“You gotta pay some taxes,” Brown said. “You have to invest. We need to invest in the technology of tomorrow or somebody else will.”

As Ronald Reagan, Jr. noted earlier this year, California’s success gives the lie to the Republican orthodoxy of “trickle down economics.” By rescinding Republican tax cuts for the wealthy, the state was able to fill its coffers and grow.

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This stands in direct contrast the the Kansas Gov. Sam Brownback (R), a Tea Party stalwart who has destroyed his state’s economy by cutting taxes to the bone and thereby bankrupting its coffers. The promised economic boons of tax cuts to millionaires never came.

Republicans’ much-reviled tax plan relies on the same GOP hokum to justify sweeping tax cuts for the wealthy, a plan that critics have pointed out will explode the national deficit and do little to improve the economy.

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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CNN

‘Not surprised at all that the president sides with the white nationalists’: Native American Congresswoman

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One of the first two Native America women blasted President Donald Trump for siding with white nationalists on Saturday.

Following the fatal "Unite the Right" rally in Charlottesville in 2017, Trump claimed there were "fine people" on both sides when he defended the alt-Right and Neo-Nazi event.

Two years later, Trump has gone even further, blaming only the anti-fascist activists confronting far-right marching in Portland, Oregon in a way that reminds many of the invasion of Charlottesville.

https://twitter.com/realDonaldTrump/status/1162726857231544320

Rep. Deb Haaland (D-NM) was asked about Trump's tweet by CNN's Ana Cabrera.

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Dick Cheney raising money for Trump’s re-election — with White House staffers Ivanka and Jared: report

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Former Vice President Dick Cheney is raising money for President Donald Trump's re-election at a fundraiser in a ritzy western resort town.

"Former vice president Richard B. Cheney and his daughter, Rep. Liz Cheney (R-Wyo.), are to appear at a lunch fundraiser Monday in support of President Trump’s 2020 reelection campaign and the Republican National Committee, according to an invitation to the event," The Washington Post reported Saturday. "The luncheon fundraiser in Jackson, Wyo., will feature White House advisers Ivanka Trump and Jared Kushner, along with acting White House chief of staff Mick Mulvaney as 'special guests,' according to the invitation, which was obtained by The Washington Post."

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2020 Election

‘He believes he’s a king and a dictator’: Ex-GOP congressman backs impeaching ‘unfit conman’ Trump

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President Donald Trump was blasted on MSNBC on Saturday by a former Republican congressman for being an "unfit conman."

Rev. Al Sharpton interviewed former Rep. Joe Walsh (R-IL) about a recent New York Times op-ed he wrote calling for Trump to face a primary challenge from the right.

"There’s a strong case for President Trump to face a Republican primary challenger," Walsh wrote. "I know a thing or two about insurgencies. I entered Congress in 2011 as an insurgent Tea Party Republican."

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