Christopher Edley Supports a Proposed Business Net Receipts Tax

-Ventura County Star, September 20, 2009 by Timm Herdt
http://www.venturacountystar.com/news/2009/sep/20/proposed-state-tax-would-be-paid-by-businesses/

While acknowledging that the BNRT “represents an extraordinary change in California’s tax code,” Commissioners John Cogan and Chris Edley summed up the commission’s prevailing view in a Sept. 9 memo: “We believe the BNRT is sufficiently promising to warrant the commission’s recommendation that the Legislature and the governor proceed with a public process to fully evaluate the BNRT (and) to enact a BNRT into law.”

-Los Angeles Times, September 21, 2009 by Peter Schrag
http://www.latimes.com/news/opinion/la-oe-schrag21-2009sep21,0,6384800,print.story

It’s “absolutely” not a tax system he’d design, Edley said, but somehow Sacramento’s inertia had to be broken. Under the commission’s BNRT proposal, all California businesses would pay a tax, probably about 4%, on their net receipts, which would be calculated by subtracting the cost of the goods they’ve purchased from their gross receipts.

-KCRW, Which Way, L.A.?, September 21, 2009 Host Warren Olney
http://www.kcrw.com/news/programs/ww/ww090921trying_to_fix_medica

“I think we’ve done a pretty good job of not changing the basic progressive structure of the income tax. And the package as a whole, looking at all the different elements of it, we think is pretty close to neutral in terms of progressivity.”

-Orange County Register, September 29, 2009 by Brian Joseph
http://totalbuzz.freedomblogging.com/2009/09/29/tax-commission-makes-recommendations-but-will-it-amount-to-anything/22555/

“I can’t recall anybody in particular who supported the BNRT at our public hearing,” Edley said. “But I also remember distinctly feeling each person who spoke for opposing it was not fully familiar with what we were working on.”