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The California budget will fail because of CARB

Corporate tax collections in CA are falling from companies leaving the state.  CARB and AB-32 are some of the main reasons.  These are some numbers from the State Controller's Office.

2011 $7,481
2010 $7,502
2009 $7,771
2008 $8,302
2007 $9,015

These are the corporate tax collections in millions for the first 11 months of the fiscal year.

....More to come