In late 2008, Gov. Arnold Schwarzenegger created the bipartisan 14-member (12 at the outset) Commission on the Twenty-First Century Economy, tasked "to re-examine and modernize California's out-of-date revenue laws that contribute to our feast-or-famine state budget cycles." The Commission on the Twenty-First Century Economy is expected to recommend a natter personal income tax code -meaning fewer brackets and loopholes, and lower rates on the top brackets - if not an outright flat tax.
A 3% Flat Tax Would Prevent Future California Budget Crisis Robert P Murphy Human Events; Aug 24, 2009; 65, 29; Docstoc pg. 22 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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