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Business & Economics PRESS ROOM |
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Californians face growing tax burden
Submitted on 4.29.2006
STATE treasurer Phil Angelides recently admitted that if elected governor he would raise taxes for Californians. His poll numbers soon dropped, and that can be no coincidence.
Need capital? Donate. Pensions Shouldn't Be Run By The State
Submitted by Anthony P. Archie on 4.18.2006
A recent Los Angeles Times article revealed that California State Controller and gubernatorial candidate Steve Westly helped guide $5 million in pension funds to a venture capital firm run by two well-connected campaign contributors. Taxpayers and public employees should be concerned because this quid pro quo is the latest example of how politicians use California’s public employee retirement systems to benefit their campaign cronies.
California is addicted to taxation
Submitted by Adam B. Summers on 4.13.2006
SAN FRANCISCO - Think taxes in the Golden State are too high? You are not alone. Apparently, Steve Jobs agrees with you. BusinessWeek recently reported that Cupertino-based Apple has decided to set up a company, Braeburn Capital, in Nevada to manage its cash and short-term investments. Incorporation in Nevada has significant tax advantages, as Nevada has no corporate income tax, has no capital-gains tax, and doesn’t share information with the IRS. California, on the other hand, has corporate income, capital gains, and franchise taxes, all in the neighborhood of 9 percent.
Freedom At Issue: This isn't child's play
Submitted by Steven Greenhut on 4.9.2006
Our next governor will be either a liberalized Arnold or one of two Democrats, none of whom want to face adult realities.
This isn't child's play
Submitted by Steven Greenhut on 4.9.2006
Our next governor will be either a liberalized Arnold or one of two Democrats, none of whom want to face adult realities
Calif. Legislator Gives Pension Reform Another Try
Submitted by Anthony P. Archie on 4.1.2006
Despite strong opposition from unions and lukewarm support from Gov. Arnold Schwarzenegger (R), California State Assemblyman Keith Richman (R-Northridge) hasn't given up on reforming the state's public employee pension systems. This year he has introduced Assembly Constitutional Amendment 23 (ACA 23), another measure that would secure 401(k)-like investment accounts for all state and local employees.
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