Taxes
Blog
Will Residents Benefit from Latest SF ‘CEO Tax’? History Says No.
The reasoning behind the tax is to ensure “that the biggest corporations, whose executives earn hundreds of times more than their average workers, contribute their fair share.” Stand Up believes dollars generated by the tax will offset the loss of $400 million in federal funds that “have threatened essential city services,” ...
Blog
Learn about the impact of the latest refinery fire
How Much Will Gas Prices Rise After So Cal Refinery Fire?
Producing 269,000 barrels a day of useful fossil fuels, the El Segundo facility is second in the state only to Marathon’s Los Angeles refinery, which puts out 365,000 barrels a day, good for 22.5% of state’s capacity. The Chevron site provides 20% of motor vehicle fuel in California and 40% of the ...
Blog
California’s flawed budgeting causes routine deficits
For years analysts have warned that California’s overreliance on a roller-coaster stock market destabilizes California’s budget. During bull markets, revenues surge and Sacramento politicians commit to an unaffordable level of spending that only becomes evident when revenues inevitably crash. Rather than admitting that the spending was never affordable, the political ...
Business & Economics
Dr. Wayne Winegarden – What Should Fiscal Conservatives Think About the “One Big Beautiful Bill”?
This week on Next Round, we welcome back PRI senior fellow in business and economics Dr. Wayne Winegarden to talk about the big economic topics in the news recently – the passage by Congress of the reconciliation bill, the Trump administration’s latest global tariff proposals, the federal budget recissions bill ...
Business & Economics
Tariffs Either Can’t, Won’t, Or Shouldn’t Re-shore Manufacturing Jobs
Despite the unanimous ruling from the Court of International Trade, the Supreme Court will likely decide whether the International Emergency Economic Powers Act empowers President Trump to levy global tariffs. As this process will take time to play out, economic uncertainty will persist for the foreseeable future. What isn’t uncertain ...
Blog
Why Your Next Bottle of French Champagne Could Cost More: Tariffs & US Sparkling Wine Options
When I read the news that prices on French Champagne could soon be soaring under President Trump’s tariff plan, my first response was to quickly get to my nearest Costco. Veuve Clicquot champagne, still made much like it was when first developed over 200 years ago by the “Grande Dame” ...
Business & Economics
Tariffs Harm American Consumers, Manufacturers and the Economy, Warns New Study
SACRAMENTO – Recently enacted and proposed tariffs will have devastating consequences for American families, businesses, and the overall economy, according to a new study by the Pacific Research Institute. The report, authored by economist Dr. Wayne Winegarden, finds that tariffs will lead to higher consumer prices, increased manufacturing costs, and ...
Blog
Book Review: The Age of Debt Bubbles edited by Max Rangely
Today, the U.S.’s debt-to-GDP ratio (the ratio between a country’s government debt and its gross domestic product) stands at 121 percent according to the Federal Reserve Bank of St. Louis. However, we’re not the only country at risk. Italy is at 139 percent, Greece at 153 percent, Singapore at 176 ...
Blog
State Budget Week - Learn how the Newsom Budget Will Impact California's Tax Burden
The Newsom Budget on Taxes: Yes, Governor, California Is a High Tax State
California imposes the highest top marginal state income tax rate and one of the highest state and local sales tax rates in the country. It is simply illogical to claim that a state with the highest income tax rate and a very high state and local sales tax rates is ...
Business & Economics
Learn more about Trump's tax plan
How Trump’s Tax Plan Could Affect the Middle Class
Another key factor among the 2017 tax law changes enacted during Trump’s first term was the provision that brought the U.S. corporate income tax rates in line with those levied in Europe and Asia. “This tax reduction improved U.S. economic competitiveness, accelerating income growth for middle-class families,” said Wayne Winegarden, ...
Will Residents Benefit from Latest SF ‘CEO Tax’? History Says No.
The reasoning behind the tax is to ensure “that the biggest corporations, whose executives earn hundreds of times more than their average workers, contribute their fair share.” Stand Up believes dollars generated by the tax will offset the loss of $400 million in federal funds that “have threatened essential city services,” ...
Learn about the impact of the latest refinery fire
How Much Will Gas Prices Rise After So Cal Refinery Fire?
Producing 269,000 barrels a day of useful fossil fuels, the El Segundo facility is second in the state only to Marathon’s Los Angeles refinery, which puts out 365,000 barrels a day, good for 22.5% of state’s capacity. The Chevron site provides 20% of motor vehicle fuel in California and 40% of the ...
California’s flawed budgeting causes routine deficits
For years analysts have warned that California’s overreliance on a roller-coaster stock market destabilizes California’s budget. During bull markets, revenues surge and Sacramento politicians commit to an unaffordable level of spending that only becomes evident when revenues inevitably crash. Rather than admitting that the spending was never affordable, the political ...
Dr. Wayne Winegarden – What Should Fiscal Conservatives Think About the “One Big Beautiful Bill”?
This week on Next Round, we welcome back PRI senior fellow in business and economics Dr. Wayne Winegarden to talk about the big economic topics in the news recently – the passage by Congress of the reconciliation bill, the Trump administration’s latest global tariff proposals, the federal budget recissions bill ...
Tariffs Either Can’t, Won’t, Or Shouldn’t Re-shore Manufacturing Jobs
Despite the unanimous ruling from the Court of International Trade, the Supreme Court will likely decide whether the International Emergency Economic Powers Act empowers President Trump to levy global tariffs. As this process will take time to play out, economic uncertainty will persist for the foreseeable future. What isn’t uncertain ...
Why Your Next Bottle of French Champagne Could Cost More: Tariffs & US Sparkling Wine Options
When I read the news that prices on French Champagne could soon be soaring under President Trump’s tariff plan, my first response was to quickly get to my nearest Costco. Veuve Clicquot champagne, still made much like it was when first developed over 200 years ago by the “Grande Dame” ...
Tariffs Harm American Consumers, Manufacturers and the Economy, Warns New Study
SACRAMENTO – Recently enacted and proposed tariffs will have devastating consequences for American families, businesses, and the overall economy, according to a new study by the Pacific Research Institute. The report, authored by economist Dr. Wayne Winegarden, finds that tariffs will lead to higher consumer prices, increased manufacturing costs, and ...
Book Review: The Age of Debt Bubbles edited by Max Rangely
Today, the U.S.’s debt-to-GDP ratio (the ratio between a country’s government debt and its gross domestic product) stands at 121 percent according to the Federal Reserve Bank of St. Louis. However, we’re not the only country at risk. Italy is at 139 percent, Greece at 153 percent, Singapore at 176 ...
State Budget Week - Learn how the Newsom Budget Will Impact California's Tax Burden
The Newsom Budget on Taxes: Yes, Governor, California Is a High Tax State
California imposes the highest top marginal state income tax rate and one of the highest state and local sales tax rates in the country. It is simply illogical to claim that a state with the highest income tax rate and a very high state and local sales tax rates is ...
Learn more about Trump's tax plan
How Trump’s Tax Plan Could Affect the Middle Class
Another key factor among the 2017 tax law changes enacted during Trump’s first term was the provision that brought the U.S. corporate income tax rates in line with those levied in Europe and Asia. “This tax reduction improved U.S. economic competitiveness, accelerating income growth for middle-class families,” said Wayne Winegarden, ...
