Tax Increases

President Obama and House Speaker John Boehner. (credit: Pool/Getty Images News)

LA Faces $22M Budget Shortfall If ‘Fiscal Cliff’ Deal Isn’t Reached

Los Angeles could face at least a $22 million shortfall if a deal isn’t reached in Congress by Tuesday to avoid the “fiscal cliff,” according to the city’s top budget analyst.

CBS2 / KCAL9–12/28/2012

Big Tuition Hikes Loom As Cal State University Faces Budget Cuts

The head of the California State University system is warning that big tuition hikes may be unavoidable if the state doesn’t extend temporary tax increases as proposed by Gov. Jerry Brown.


(credit: AP)

GOP Won’t Budge As Brown Faces Tax-Vote Deadline

Republican lawmakers aren’t budging as Gov. Jerry Brown enters the last stretch of a self-imposed budget deadline for a legislative vote to call a June special election.

CBS2 / KCAL9–03/08/2011