Hahn unveils budget plan
Independence Party gubernatorial candidate Rob Hahn is proposing to erase a projected state budget deficit through changes in tax policy and health care coverage.
Hahn released a budget outline today titled "The Six Billion Dollar Man: Reform, Redesign and Revenue." The plan includes a new 9 percent income tax rate for couples earning more than $250,000 a year. Hahn is also proposing to lower taxes on capital gains and corporate income, and close corporate tax loopholes.
Hahn claims he could save the state $2.6 over two years by switching to what he calls a "total cost of care" model for health care. He's also including his earlier proposals for riverboat gambling and a new fat tax on fast food among the new sources of revenue.
Hahn is running in the Aug. 10 primary against the Independence Party's endorsed candidate, Tom Horner.
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