Hastings Constitutional Law Quarterly Volume 37 Article 2 Number 4 Summer 2010 1-1-2010 Tax Reform Commissioners in the Sweep of California's Fiscal History Steven M. Shefrin Follow this and additional works at: https://repository.uchastings.edu/ hastings_constitutional_law_quaterly Part of the Constitutional Law Commons Recommended Citation Steven M. Shefrin, Tax Reform Commissioners in the Sweep of California's Fiscal History, 37 Hastings Const. L.Q. 661 (2010). Available at: https://repository.uchastings.edu/hastings_constitutional_law_quaterly/vol37/iss4/2 This Article is brought to you for free and open access by the Law Journals at UC Hastings Scholarship Repository. It has been accepted for inclusion in Hastings Constitutional Law Quarterly by an authorized editor of UC Hastings Scholarship Repository. For more information, please contact
[email protected]. Tax Reform Commissions in the Sweep of California's Fiscal History by STEVEN M. SHEFFRIN* Introduction On September 29, 2009, the California Commission on the 21st Century ("Parsky Commission")' submitted to Governor Arnold Schwarzenegger and the Legislature its recommendations for reforming the California tax system.2 When the Governor and the Legislature first appointed the Parsky Commission, there were very high expectations. California was experiencing a severe financial crisis, following on the heels of ongoing budgetary problems and a national recession. Many hoped that the Parsky Commission could provide some direction out of the crisis. There were broad indications that the recommendations of the Parsky Commission would be taken very seriously in Sacramento and would be considered seriously by the Legislature.3 The Parsky Commission proposed a very bold plan, introducing a new tax called the Business Net Receipts Tax ("BNRT") and using the proceeds from that tax to finance large reductions in personal * Executive Director, Murphy Institute and Professor of Economics, Tulane University;
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