California Dream - Los Angeles Mayor Villaraigosa Sees Draconian Cuts Ahead In Obama's Budget - News

Los Angeles Mayor Antonio Villaraigosa (D) happens to be chief executive in the US Conference of Mayors. He in the past served when presenter in the California Assembly. He ended up being the wedding guest lecturer from this Jan. 18 Monitor breakfast inside Washington.

The fiscal outlook for American cities:

"There is a superb option of economic malaise throughout the country. It will administer related to five a long time for several of your locations that will take back the actual work who were dropped previous to this recession."

Predictions in which President Obama's 2013 funds will certainly consist of reductions that hit cities:

"Anybody which saw the actual package last summer months after which your failing regarding the super committee to undertake anything to resolve this particular stalemate . understood that there was planning to often be critical along with draconian cuts."

The country's infrastructure needs:

"When you take a look at America during the last twenty five years, the lack of investment decision in facilities is startling no matter if it can be bridges, whether or not it truly is jacks or perhaps airports, whether or not it is roads . whether or not this can be high-speed rail. We've got to be able to catch up."

Tax policy inside an election year:

" Romney's helpful duty price . with that locality regarding 15 percent . will probably generate your great deal of debate. The company duty rate is usually far too high. The capital-gains amount is usually also low. There need to be a new middle floor right here to help spur investments."

Prospects regarding immigration reform legislation:

"The potential clients of doing everything on this Congress will be small. That doesn't necessarily mean we all can't maintain on trashing about the doorway plus demanding that they accomplish their own job. The immigration strategy is broken."

The California dream :

"The California aspiration has lost some luster. We will not be doing your ventures in the state in which most people did."