Taxes
Blog
The Warren Wealth Tax
California progressives’ plan to impose a wealth tax on state residents died in committee last year. Right by the Bay’s Kerry Jackson and Tim Anaya wrote about why it would hurt everyday Californians far more than its rich and famous. Unfortunately, the idea didn’t end at the California state line. ...
Blog
Stimulus Plan a Bailout Bonanza for California
With Congress on Wednesday giving final approval to President Biden’s $1.9 trillion stimulus plan, who is the biggest winner from Washington’s biggest ever spending spree? State and local governments in California. In music to Gov. Gavin Newsom’s ears, a virtual Brink’s truck is about deliver a mountain of cash from ...
Blog
California’s Unexpected Surplus Further Proof Bailout for States Unnecessary
Last week, the nonpartisan Legislative Analyst’s office (LAO) released its fiscal outlook for 2021, which is traditionally the start of the debate over next year’s state budget. Unexpectedly, California finds itself sitting on a $26 billion windfall according to the LAO, attributed to “results from revisions in prior- and current-year ...
Blog
How Election Results Will Impact Next Year’s State Budget
Gov. Gavin Newsom had a lot riding on the outcome of Tuesday’s election. How the presidential and congressional elections and one key statewide ballot measure shake out will have a significant impact on how he crafts his upcoming 2021-22 state budget plan, to be released on Jan. 10. Newsom bet ...
Business & Economics
Get government out of the boardroom
At the end of last month, California Gov. Gavin Newsom signed a bill establishing quotas for minorities on the boards of every publicly traded company in the state. That’s on top of a law enacted in 2018 that implemented quotas for women on corporate boards. The governor and his allies ...
Blog
Studies Show Wealth Tax Would Hurt California’s Economy
There are no state taxes on wealth in the U.S., but California is a good bet to be the first. The idea carries some political popularity, and its promises sound sweet, but what would be the reality if the legislation, Assembly Bill 2088, becomes law? A couple of Rice University ...
Blog
Next Tax Increases on the Docket: Two Proposed Tax Hikes on the Rich
When the 2020-21 state budget was enacted a few months back, I made the case that the majority party’s spending plan essentially sets the stage for an upcoming battle over tax increases. Back in 2011, former Gov. Jerry Brown pushed a budget plan that was heavily reliant on “trigger cuts,” ...
Blog
High on Spending, Light on Stimulus: Legislative Democrats Propose $100 Billion Borrowing Plan
This week in Washington, Democrats and Republicans are squabbling over the next economic stimulus package. Republicans have proposed a roughly $1 trillion plan, while Speaker Pelosi is pushing a $3 trillion plan. The partisan haggling and negotiations via shuttle diplomacy have already begun. Upon returning from their summer recess, Sacramento ...
Business & Economics
Wayne Winegarden Featured in Business Insider Article on Taxing Billionaires, COVID-19
Taxing billionaires would be a great way to fund the fight against coronavirus like AOC says — but only if the US government were drastically different By: Taylor Nicole Rogers, Business Insider The United States needs to find a way to cover the spiraling costs of coronavirus pandemic, but researchers ...
Blog
California Gas Prices Are Rising Again Thanks to Another Gas Tax Increase
Californians who are struggling to make ends meet during these tough economic times are going to be in for sticker shock come July 1: gas prices will rise yet again. What’s behind the increase, you ask? It’s not due to rising demand as people begin to slowly return to normalcy ...
The Warren Wealth Tax
California progressives’ plan to impose a wealth tax on state residents died in committee last year. Right by the Bay’s Kerry Jackson and Tim Anaya wrote about why it would hurt everyday Californians far more than its rich and famous. Unfortunately, the idea didn’t end at the California state line. ...
Stimulus Plan a Bailout Bonanza for California
With Congress on Wednesday giving final approval to President Biden’s $1.9 trillion stimulus plan, who is the biggest winner from Washington’s biggest ever spending spree? State and local governments in California. In music to Gov. Gavin Newsom’s ears, a virtual Brink’s truck is about deliver a mountain of cash from ...
California’s Unexpected Surplus Further Proof Bailout for States Unnecessary
Last week, the nonpartisan Legislative Analyst’s office (LAO) released its fiscal outlook for 2021, which is traditionally the start of the debate over next year’s state budget. Unexpectedly, California finds itself sitting on a $26 billion windfall according to the LAO, attributed to “results from revisions in prior- and current-year ...
How Election Results Will Impact Next Year’s State Budget
Gov. Gavin Newsom had a lot riding on the outcome of Tuesday’s election. How the presidential and congressional elections and one key statewide ballot measure shake out will have a significant impact on how he crafts his upcoming 2021-22 state budget plan, to be released on Jan. 10. Newsom bet ...
Get government out of the boardroom
At the end of last month, California Gov. Gavin Newsom signed a bill establishing quotas for minorities on the boards of every publicly traded company in the state. That’s on top of a law enacted in 2018 that implemented quotas for women on corporate boards. The governor and his allies ...
Studies Show Wealth Tax Would Hurt California’s Economy
There are no state taxes on wealth in the U.S., but California is a good bet to be the first. The idea carries some political popularity, and its promises sound sweet, but what would be the reality if the legislation, Assembly Bill 2088, becomes law? A couple of Rice University ...
Next Tax Increases on the Docket: Two Proposed Tax Hikes on the Rich
When the 2020-21 state budget was enacted a few months back, I made the case that the majority party’s spending plan essentially sets the stage for an upcoming battle over tax increases. Back in 2011, former Gov. Jerry Brown pushed a budget plan that was heavily reliant on “trigger cuts,” ...
High on Spending, Light on Stimulus: Legislative Democrats Propose $100 Billion Borrowing Plan
This week in Washington, Democrats and Republicans are squabbling over the next economic stimulus package. Republicans have proposed a roughly $1 trillion plan, while Speaker Pelosi is pushing a $3 trillion plan. The partisan haggling and negotiations via shuttle diplomacy have already begun. Upon returning from their summer recess, Sacramento ...
Wayne Winegarden Featured in Business Insider Article on Taxing Billionaires, COVID-19
Taxing billionaires would be a great way to fund the fight against coronavirus like AOC says — but only if the US government were drastically different By: Taylor Nicole Rogers, Business Insider The United States needs to find a way to cover the spiraling costs of coronavirus pandemic, but researchers ...
California Gas Prices Are Rising Again Thanks to Another Gas Tax Increase
Californians who are struggling to make ends meet during these tough economic times are going to be in for sticker shock come July 1: gas prices will rise yet again. What’s behind the increase, you ask? It’s not due to rising demand as people begin to slowly return to normalcy ...