Government Spending

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New Sac tax could impose huge burden on entrepreneurs

400 Percent Tax Increase on Entrepreneurs Won’t Generate the Millions Sacramento Seeks

California’s reputation as being one of the most difficult and expensive places to own and operate a business and create jobs has been long established. Year after year, California ranks at the bottom in Chief Executive magazine’s listing of the best and worst states for business. Even in a tough ...
Business & Economics

Wayne Winegarden calls Newsom’s budget proposal a “bunch of budget gimmicks” in The Center Square

California proposes mere $8.5 billion spending cut against $68 billion deficit By Kenneth Schrupp “[The governor’s plan] seems to be a combination of some spending cuts and a bunch of budget gimmicks,” said Pacific Research Institute Senior Fellow for Business and Economics Wayne Winegarden in an interview with The Center ...
Business & Economics

Read an analysis of the 2024-25 CA proposed budget

Gov. Newsom’s proposed budget fails the moment

Governor Gavin Newsom is wrong. His proposed budget is not “resilient;” it demonstrates an inability to learn the lessons from California’s volatile budget history. The crippling deficit is merely one manifestation of the broader crisis. Newsom estimates a $37.9 billion deficit, about one-half of the nonpartisan Legislative Analyst Office’s (LAO) ...
Blog

Public pension reform needed to balance state budget

The Miracle Of Defined Contributions

The headline says “Florida has an answer” and if so there could be any number of public policy dilemmas that the state has solved, but in this case it’s government employee pensions. California also knows the answer, but there can be a sizable gap between having knowledge and applying it. ...
California

Richard Samuelson – What We Can Learn About Today’s Politics from the Boston Tea Party

  Calling all history buffs, this episode is for you!  PRI board member and Hillsdale College Associate Professor of Government Richard Samuelson joins us to discuss the anniversary of the Boston Tea Party, the events surrounding the incident, and the lessons we can learn from the Boston Tea Party about ...
Government Spending

Read about cost of latest state health care mandate

Sally Pipes Quoted in Center Square Article on $25 Health Care Minimum Wage

“Increasing the minimum wage to $23 per hour starting in 2024 and reaching $25 in 2026 for health care workers in medical facilities with 10,000 or more employees is fiscally irresponsible, particularly at a time when the state is facing a severe budget deficit,” said Sally Pipes, president and Thomas ...
Blog

Get latest state budget update

State Budget Update: Bigger State Budget Deficit on the Horizon?

That’s the fear, as the Sacramento Bee this week reported, in recent filings by state officials in anticipation of a November bond offering. Given that the IRS extended the deadline to file income taxes twice this year due to natural disasters (first to October 16, then again to Nov. 16), ...
Business & Economics

Paul Atkins – ESG Investing: Doing well and doing good? Or not?

Our guest this week is Paul Atkins, CEO of Potomak Partners, a financial services consulting firm in Washington, DC.  Paul was also a commissioner at the U.S. Securities and Exchange Commission from 2002 to 2008.  We discuss with Paul ESG – environmental, social, and governance – investing and its negative ...
Blog

City services will get slammed as public pay goes up

Consider these recent increases: University of California Health. In February, unionized medical residents at UC’s six urban medical centers (in Sacramento, San Francisco, Los Angeles, San Diego, Riverside and Orange) were prescribed 16-percent raises over two years. Los Angeles. In April, teachers in the Los Angeles Unified School district went ...
Blog

Government Size Boosts Corruption

Government Size Boosts Corruption John Seiler | March 10, 2023 Does the size of government reflect the level of corruption? I’ve come up with a way to test that. It involves two variables. First, U.S. city corruption scandals, 2020 to the present, where an official was convicted. Wikipedia lists 12. ...
Blog

New Sac tax could impose huge burden on entrepreneurs

400 Percent Tax Increase on Entrepreneurs Won’t Generate the Millions Sacramento Seeks

California’s reputation as being one of the most difficult and expensive places to own and operate a business and create jobs has been long established. Year after year, California ranks at the bottom in Chief Executive magazine’s listing of the best and worst states for business. Even in a tough ...
Business & Economics

Wayne Winegarden calls Newsom’s budget proposal a “bunch of budget gimmicks” in The Center Square

California proposes mere $8.5 billion spending cut against $68 billion deficit By Kenneth Schrupp “[The governor’s plan] seems to be a combination of some spending cuts and a bunch of budget gimmicks,” said Pacific Research Institute Senior Fellow for Business and Economics Wayne Winegarden in an interview with The Center ...
Business & Economics

Read an analysis of the 2024-25 CA proposed budget

Gov. Newsom’s proposed budget fails the moment

Governor Gavin Newsom is wrong. His proposed budget is not “resilient;” it demonstrates an inability to learn the lessons from California’s volatile budget history. The crippling deficit is merely one manifestation of the broader crisis. Newsom estimates a $37.9 billion deficit, about one-half of the nonpartisan Legislative Analyst Office’s (LAO) ...
Blog

Public pension reform needed to balance state budget

The Miracle Of Defined Contributions

The headline says “Florida has an answer” and if so there could be any number of public policy dilemmas that the state has solved, but in this case it’s government employee pensions. California also knows the answer, but there can be a sizable gap between having knowledge and applying it. ...
California

Richard Samuelson – What We Can Learn About Today’s Politics from the Boston Tea Party

  Calling all history buffs, this episode is for you!  PRI board member and Hillsdale College Associate Professor of Government Richard Samuelson joins us to discuss the anniversary of the Boston Tea Party, the events surrounding the incident, and the lessons we can learn from the Boston Tea Party about ...
Government Spending

Read about cost of latest state health care mandate

Sally Pipes Quoted in Center Square Article on $25 Health Care Minimum Wage

“Increasing the minimum wage to $23 per hour starting in 2024 and reaching $25 in 2026 for health care workers in medical facilities with 10,000 or more employees is fiscally irresponsible, particularly at a time when the state is facing a severe budget deficit,” said Sally Pipes, president and Thomas ...
Blog

Get latest state budget update

State Budget Update: Bigger State Budget Deficit on the Horizon?

That’s the fear, as the Sacramento Bee this week reported, in recent filings by state officials in anticipation of a November bond offering. Given that the IRS extended the deadline to file income taxes twice this year due to natural disasters (first to October 16, then again to Nov. 16), ...
Business & Economics

Paul Atkins – ESG Investing: Doing well and doing good? Or not?

Our guest this week is Paul Atkins, CEO of Potomak Partners, a financial services consulting firm in Washington, DC.  Paul was also a commissioner at the U.S. Securities and Exchange Commission from 2002 to 2008.  We discuss with Paul ESG – environmental, social, and governance – investing and its negative ...
Blog

City services will get slammed as public pay goes up

Consider these recent increases: University of California Health. In February, unionized medical residents at UC’s six urban medical centers (in Sacramento, San Francisco, Los Angeles, San Diego, Riverside and Orange) were prescribed 16-percent raises over two years. Los Angeles. In April, teachers in the Los Angeles Unified School district went ...
Blog

Government Size Boosts Corruption

Government Size Boosts Corruption John Seiler | March 10, 2023 Does the size of government reflect the level of corruption? I’ve come up with a way to test that. It involves two variables. First, U.S. city corruption scandals, 2020 to the present, where an official was convicted. Wikipedia lists 12. ...
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