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Tax Day: Money Experts Examine Proposed California Earned Income Tax Credit

Marissa Cabrera, Maureen Cavanaugh, KPBS MID-DAY EDITION

Wednesday, April 15, 2015

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Erik Bruvold, president of the National University System Institute for Policy Research, said California’s tax system is volatile and needs an overhaul.
“One of the things we see is the state has these booms and busts in terms of revenue because of how much it relies on upper income (Californians),” Bruvold said. “We need to really rethink our state tax system and try to create one that is less onerous.”