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Date Posted: Thursday, April 08, 03:38:25pm
Author: DE
Subject: Their state is bankrupt

and yet THESE COMPLETE MORONS continue to hand out money rather then face the absolute pure fact that the state aka CA is going to have to tax the crap out of its citizens for decades just to get out of their current financial F Ups aka kissing the ass of every illegal in the state.

These people deserve to get washed into the ocean when the big quake happens....

Calif. lawmakers pass housing-crisis tax relief

Californians who were hurt by the housing crisis could soon receive a measure of good news that would save them thousands of dollars in taxes.





The Legislature passed a bill Thursday helping homeowners who received mortgage modifications, lost their homes to foreclosure or sold their houses for less than they owed on their mortgages.

The bill would prevent the canceled debt from being treated as taxable income. It conforms California law to a federal tax change that runs through 2012.

The Assembly and Senate passed the bill after removing a tax-related provision that drew objections from Gov. Arnold Schwarzenegger. Some Republicans continued to oppose it because it introduces other taxes.

The bill now goes to the governor's desk.

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