Collin, first to you.

LEVY: Paul, this is a hit to a group of plaintiffs, including the state National Bank of Big Springs, Texas, which, this week, filed suit, challenging the Dodd-Frank law, which created vast new regulations over the financial system. And a group of plaintiffs basically say that, that Obama's stealth appointment of Consumer Financial Protection Bureau chief, Richard Cordray, and the two agencies that were created by the law were given so much power that it violates the Constitution's separation of powers. This is a law that's created incredible burdens for business and a lot of regulatory uncertainty, and we're glad to see it get its day in court.

GIGOT: Joe?

RAGO: Paul, a miss this week for the reality free zone --

(LAUGHTER)

-- known as California. Governor Jerry Brown succeeded in getting a $9 billion one-year tax increase on the November ballot. Here is the thing. That's the compromise. The other --

(LAUGHTER)

The other option for voters is a $20 billion tax increase that will start on people earning as little as $7,000 a year. Only in California is Jerry Brown a moderate.

GIGOT: At least that's truth in advertising, because eventually they go after the middle class.

All right, Bill.

MCGURN: A half hit for the Plymouth Cafeteria Association of Michigan. This is a union, part of the Michigan Education Association. Recently, their members received a letter from their president saying they need to pay their dues if they expect to have a job, and they can do it three ways, providing a credit card, bank account or paying in full at the beginning of the year. The letter is in reaction to a new state law that prohibits them from collecting. I call a hit, because better unions collect this stuff from taxpayers. It's a half hit for the federal judge who suspended the law for the moment.

GIGOT: All right, Bill, thank you.

That's it for this week's edition of the "Journal Editorial Report." Thanks to my panel and to all of you for watching. I'm Paul Gigot. We hope to see you right here next week.

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