Search Results for: wealth tax – Page 2
Blog
California Can’t Address Affordability Crisis Without Lowering Tax Burden
“(We need) someone who will bring prices down,” Rep. Eric Swalwell says. “Californians can’t afford to live in California,” says billionaire Tom Steyer. They’re both right, but they should look in the mirror for a culprit. Big government policies –including several they are promoting in their platforms – are driving ...
Commentary
Newsom budget expands green subsidies taxpayers can’t afford
California is staring at a $3 billion budget deficit, but Gov. Gavin Newsom still wants to spend $200 million on electric vehicle rebates. It’s both a foolish gesture and a graphic example of why Sacramento can’t get spending under control. The funds would replace the $7,500 federal EV tax credits ...
Health Care
New PRI Study: Reforms to Expand PACE Program Could Save Taxpayers Billions, Improve Senior Care
SACRAMENTO – A new issue brief released today by the Center for Medical Economics and Innovation at the Pacific Research Institute calls for reforms to expand the reach of the Program of All-Inclusive Care for the Elderly (PACE), a joint Medicare and Medicaid program that delivers comprehensive medical and social ...
Blog
Read about new local tax & bond measures
Local voters face 77 tax increases on California’s March ballot
According to its calculation, if all pass the combined hit would be $350 million in direct tax increases and $3.6 billion in bonded indebtedness. The group notes the new debt includes “36 school bonds, 16 transactions and use taxes, 19 parcel taxes, two general obligation bonds, one business license tax, ...
Business & Economics
Read about latest tax hike push at State Capitol
California’s Already High Taxes Could Increase if Democratic Legislators Prevail
California has been losing businesses and residents to states with lower tax burdens for years, and the response in Sacramento has been puzzling. Rather than trying to compete with those states, the counter has been to instead raise taxes even higher. Following this formula, legislators recently passed Assembly Constitutional Amendment ...
Blog
Elon Musk is Right – California is Now the Land of Taxes, Overregulation and Litigation
A trio of troubles, says Elon Musk, is ruining California. He didn’t reveal anything new. He didn’t have to. Much of the world understands. Only those blinded by their blue-tinted glasses don’t know what’s wrong in this state. Speaking virtually earlier this month for a conference in Miami, Musk, an ...
Blog
China Cuts Taxes, U.S. and California Want to Raise Them
Tax cuts are the “fertilizer applied to the roots of the economy.” That’s not Arthur Laffer talking, but China Premier Li Keqiang. Last month, China’s Finance Ministry announced that it would cut income taxes for small companies from 25 percent to 20 percent to boost the communist country’s slowing economy. ...
Blog
Don’t Spend Your Gas Tax Rebate Yet . . .
Not much progress has been made in the effort to enact a gas tax rebate or gas tax holiday since lawmakers and Gov. Newsom released competing proposals last month. Californians have been waiting for Sacramento to take action to provide relief from gas prices that, even though may have dipped ...
Blog
CA Lawmakers Proposed $236 Billion+ in New Taxes Despite Record Revenue
Despite taking in record state tax revenue over the past year, California lawmakers proposed more than $236.4 billion in new taxes and fees in 2021, finds the annual “Tax and Fee Report” just released by the California Tax Foundation. Over the past twelve months, lawmakers proposed 74 different tax and ...
Blog
Been There, Done That on “Making it Rain” in High Tax, Big Spending States
Been There, Done That on “Making it Rain” in High Tax, Big Spending States Democrats in Congress representing high tax, big spending states like California are pushing for restoration of the State and Local Tax (SALT) Deduction in the budget reconciliation bill. But restoring the full SALT Deduction would “make ...
California Can’t Address Affordability Crisis Without Lowering Tax Burden
“(We need) someone who will bring prices down,” Rep. Eric Swalwell says. “Californians can’t afford to live in California,” says billionaire Tom Steyer. They’re both right, but they should look in the mirror for a culprit. Big government policies –including several they are promoting in their platforms – are driving ...
Newsom budget expands green subsidies taxpayers can’t afford
California is staring at a $3 billion budget deficit, but Gov. Gavin Newsom still wants to spend $200 million on electric vehicle rebates. It’s both a foolish gesture and a graphic example of why Sacramento can’t get spending under control. The funds would replace the $7,500 federal EV tax credits ...
New PRI Study: Reforms to Expand PACE Program Could Save Taxpayers Billions, Improve Senior Care
SACRAMENTO – A new issue brief released today by the Center for Medical Economics and Innovation at the Pacific Research Institute calls for reforms to expand the reach of the Program of All-Inclusive Care for the Elderly (PACE), a joint Medicare and Medicaid program that delivers comprehensive medical and social ...
Read about new local tax & bond measures
Local voters face 77 tax increases on California’s March ballot
According to its calculation, if all pass the combined hit would be $350 million in direct tax increases and $3.6 billion in bonded indebtedness. The group notes the new debt includes “36 school bonds, 16 transactions and use taxes, 19 parcel taxes, two general obligation bonds, one business license tax, ...
Read about latest tax hike push at State Capitol
California’s Already High Taxes Could Increase if Democratic Legislators Prevail
California has been losing businesses and residents to states with lower tax burdens for years, and the response in Sacramento has been puzzling. Rather than trying to compete with those states, the counter has been to instead raise taxes even higher. Following this formula, legislators recently passed Assembly Constitutional Amendment ...
Elon Musk is Right – California is Now the Land of Taxes, Overregulation and Litigation
A trio of troubles, says Elon Musk, is ruining California. He didn’t reveal anything new. He didn’t have to. Much of the world understands. Only those blinded by their blue-tinted glasses don’t know what’s wrong in this state. Speaking virtually earlier this month for a conference in Miami, Musk, an ...
China Cuts Taxes, U.S. and California Want to Raise Them
Tax cuts are the “fertilizer applied to the roots of the economy.” That’s not Arthur Laffer talking, but China Premier Li Keqiang. Last month, China’s Finance Ministry announced that it would cut income taxes for small companies from 25 percent to 20 percent to boost the communist country’s slowing economy. ...
Don’t Spend Your Gas Tax Rebate Yet . . .
Not much progress has been made in the effort to enact a gas tax rebate or gas tax holiday since lawmakers and Gov. Newsom released competing proposals last month. Californians have been waiting for Sacramento to take action to provide relief from gas prices that, even though may have dipped ...
CA Lawmakers Proposed $236 Billion+ in New Taxes Despite Record Revenue
Despite taking in record state tax revenue over the past year, California lawmakers proposed more than $236.4 billion in new taxes and fees in 2021, finds the annual “Tax and Fee Report” just released by the California Tax Foundation. Over the past twelve months, lawmakers proposed 74 different tax and ...
Been There, Done That on “Making it Rain” in High Tax, Big Spending States
Been There, Done That on “Making it Rain” in High Tax, Big Spending States Democrats in Congress representing high tax, big spending states like California are pushing for restoration of the State and Local Tax (SALT) Deduction in the budget reconciliation bill. But restoring the full SALT Deduction would “make ...