TaxVox California Dreaming, Take 2
Kim S. Rueben
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What’s the solution to the short term credit problems of California? A federal loan, of course. According to a story by  Randal Archibold in the New York Times Governor Schwarzenegger sent a letter to Secretary Paulson asking for a $7 billion loan. If it works for AIG, why not states? Though maybe Treasury should demand the Golden Gate Bridge as collateral.

Primary topic Individual Taxes
Research Area Individual Taxes