Indexing capital gains for inflation would be a big break for business owners and homeowners.

“I think about the kids,” the secretary said, reports the Dallas News. “I think we need to stay focused on what’s right for kids. And I hope that adults would keep adult disagreements and disputes in a separate place, and serve the students that are there to be served.”

Silicon Valley’s unemployment rate has jumped almost a full point since May, to 3.9%. It could reverse California’s epic seven-year economic boom, and could lead to a crash just as epic.

Governor Jerry Brown warned in his May Revised Budget last week that California is expected to suffer a $20 billion tax crash in it next recession.

Governor Jerry Brown shocked Sacramento on January 8 when he announced his opposition to two November union-backed ballot initiatives that would sell a $9 billion school construction bond and extend Proposition 30 tax surcharges on the wealthy.

With the “one percent” paying more than 50 percent of state taxes, a sustained stock market crash would shrivel California’s “one-time” capital gains taxes and throw the Golden State back into a financial crisis.

California not only has the highest poverty rate in the U.S. at 23.4 percent, but that rate is now also higher than Greece, at 22.3 percent.