Business Update on KPCC: How to solve state budget troubles

The bipartisan Think Long Committee has come out with a well-considered set of proposals that center on changing the initiative process, simplifying the tax codes, and phasing in a 5 percent sales tax on services. Unfortunately, we're already hearing the predictable whining from the predictable suspects (California Federation of Teachers and the Howard Jarvis Taxpayers Association). The Think Long people want a ballot initiative next November. Susanne Whatley fills in for Steve Julian this week. Available at kpcc.org and podcast (Business Update with Mark Lacter). Transcript is after jump