Spending Watch
Spending Watch: Californians Will Pay a High Price for Tom Steyer’s “Split-Role” Proposal
Californians Will Pay a High Price for Tom Steyer’s “Split-Role” Proposal Wayne Winegarden March 2026 Gubernatorial candidate Tom Steyer supports “a special election to raise corporate taxes in his first year as governor.” Specifically, he favors removing the Proposition 13 tax limitations for commercial properties – an idea referred to as “spit-roll”. If implemented, split-roll will further worsen California’s business environment to the detriment of state residents. Proposition 13, passed in 1978, is one of ...
Sacramento “Ideas in Action” Conference 2026
Sacramento “Ideas in Action” Conference 2026 A Conversation with US Attorney Eric Grant From PRI’s 2026 California Ideas in Action Conference watch new US Attorney for Eastern California Eric Grant, in conversation with Free Cities Center Director Steven Greenhut. Preceding their discussion, watch conference opening remarks from PRI President, CEO and Thomas W. Smith Fellow in Health Care Policy Sally C. Pipes. Addressing California’s Insurance Crisis From PRI’s 2026 California Ideas In Action conference, Free ...
Spending Watch
Spending Watch: The Taxing Wealth Tax
The Taxing Wealth Tax Wayne Winegarden February 2026 To his credit, Governor Newsom is vowing to stop the wealth tax. As we noted in our response to Governor Newsom’s January budget, just the possibility that a 5 percent wealth tax will appear on the November ballot is having a chilling effect on California’s economy and state budget. The tax, which would be retroactive to January 2026, has already driven away wealth. This lost wealth is ...
Spending Watch
Spending Watch: California’s Budget Delusion
Spending Watch: California’s Budget Delusion Wayne Winegarden January 2026 Governor Newsom has released his final state budget and for the fourth year in a row, the state is facing a large budget deficit that it must close. This prolonged period of persistent budget deficits was entirely predictable. For the upcoming FY2026-27 budget, that deficit is estimated to be $18 billion according to the Legislative Analyst’s Office but a much smaller $3 billion deficit according to ...
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