Will lead the senate in prayer. The chaplain let us pray. Eternal god, who makes us one, use our lawmakers today as agents of reconciliation. Give them the wisdom to build bridges that will enable Diverse People to accomplish your purposes on earth. Lord, inspire our senators with such oneness of spirit and resolve that they will provide our nation with a model of cooperation. Remind them of the wisdom of matthew 12 25, which states that a house divided against itself cannot stand. Lord, we thank you for giving senator grassley another birthday. We pray in your unifying name. Amen. The president pro tempore please join me in reciting the pledge of allegiance. I pledge allegiance to the flag of the United States of america, and to the republic for which it stands, one nation under god, indivisible, with liberty and justice for all. Mr. Grassley madam president. The presiding officer the senator from iowa. Mr. Grassley i ask for one minute. The presiding officer without objection. Mr. Gr
Who have been to previous presentations but for californians. For decades and decades, weve come to expect the unexpected as it regards to the volatility of the tax system. You can see the orange line, those are the big three revenues. It. Looks like an ekg chart. It goes up during good times and down during bad times. It reflects i think the larger narrative of todays presentation and that is a story of correction, a story of normalization after a period of tremendous amounts of distortion. That distortion has been represented in the revenue collection in this state. Take a look at this chart. 10. 4 , that is the year 2000. We have had spikes in the past and revenue. 10. 4 , thats the percentage of our income tax collection Capital Gains. 11. 6 , historically high number represented in 2021. Now a drop. We look at the projections going out to about 5 . Those are remarkable swings in terms of that revenue collection as it relates to Capital Gains on the overall revenue. That said, the
Newsom highlight his budget agenda for this year for the past counterspace for his state, education, homelessness and infrastructure investment. Welcome to the 2024 25 project presentation. Revery familiar for all those wo have been here. Past out the large format through because as not just those in previous for decades and decades, weve come to expect volatility of our system. You can see here the orange line, but the three revenues, an ekg chart, goes up in the good times and down in the bad times. You can see spikes representing Capital Gains that reflect the larger narrative in the presentation of the story of correction, normalization after a period of tremendous amount of distortion. Thats been resented in revenue collection in the state. Take a look at the state, its 2000. We had spikes in the past, 10. 4 of income tax collection. You can see 11. 6 historically high number represented in 2021 and not a drop look at the projections to about 5 total remarkable swings. I mentioned
I think we passed out the larger format of the budget people are rummaging through but let me begin as we often do with a slide that has become more and more familiar, not just to those who have been to previous presentations but for californians. For decades and decades, weve come to expect the unexpected as it regards to the volatility of the tax system. You can see the orange line, those are the big three revenues. It. Looks like an ekg chart. It goes up during good times and down during bad times. It reflects i think the larger narrative of todays presentation and that is a story of correction, a story of normalization after a period of tremendous amounts of distortion. That distortion has been represented in the revenue collection in this state. Take a look at this chart. 10. 4 , that is the year 2000. We have had spikes in the past and revenue. 10. 4 , thats the percentage of our income tax collection Capital Gains. 11. 6 , historically high number represented in 2021. Now a drop
Administration is moving to end and obama eric policy against faithbased adoption through foster care facilities that has to do with federal funding. Religious organization say its a way to get those funds without compromising their beliefs but they say its purely discrimination. We have fox team covers tonight on the dueling 2020 events. We will start you off tonight with correspondent matt in iowa were president ial hopefuls are wrapping up at the animal liberty and justice dinner as the countdown to the iowa caucus is officially on. Good evening. It has been a lively and energetic crowd here at this event. Perhaps the most political event at this point in the president ial election cycle and of course at every Democratic Front runner has been here tonight trying to make one of those breakout moments, except of four, of course beto orourke who dropped out of the president ial race. Mayor pete buddha judge had the largest support tonight in our Fox News Team agrees the loudest support