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Govin Gavin Newsom suggests fighting a campaign to revolutionize California's tax system

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Critics say the California tax system is still based on an era where goods, not services, dominated the economy. It provided incentives for the latest major reform work, a 2009 bipartite commission that elaborated detailed recommendations for a framework that lessens the income of Wall Street investment from the wealthiest. The most important recommendation was a "net tax", a broad tax on economic activity with relatively low interest rates.



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