Taxes
Blog
Does California Need Billionaires?
If supporters are able to rack up 874 ,641 signatures, the 2026 Billionaire Tax Act will appear on the Nov. 3 ballot. Should it pass, it will levy “a one-time 5% tax on billionaire wealth.” Rather than waiting until voters make their decision, a few billionaires have already left California, including PayPal and ...
Commentary
Proposed Patent Tax Threatens the Research That Powers Growth
Is federally funded science really a raw deal for taxpayers? Commerce Secretary Howard Lutnick seems to think so. “If we fund it and they invent a patent,” he recently said, “the United States of America taxpayer should get half the benefit.” Lutnick is proposing a 50% excise tax on the ...
Blog
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 ...
Blog
Tough Times Ahead for California in 2026
But he won’t be alone. Difficult times are ahead for all Californians. According to Indian government data, that country’s GDP has reached $4.18 trillion in U.S. dollars. By 2030, India’s GDP is projected to be $7.3 trillion. The most recent numbers from the International Monetary Fund, posted in April 2025, has California at $4.1 trillion. The UCLA Anderson School ...
Commentary
Proposed patent tax offers a dangerous ‘solution’ to a non-existent problem
US Commerce Secretary Howard Lutnick believes taxpayers are getting short-changed by America’s patent system. Last year, he argued that the federal government should be entitled to 50% of the revenue universities earn from licensing the patented discoveries they’ve made with help from federally funded research grants. Lutnick is deeply mistaken. ...
Blog
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 ...
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,” ...
Health Care
New PRI Brief: Patent Taxes Threaten America’s Most Productive Engine of Growth
SACRAMENTO. (December 22, 2025) — The free-market Pacific Research Institute today released an issue brief finding that the Trump administration’s proposed 50% tax on patent revenue from inventions created using federal grants would disincentivize universities from expending the time, money, and effort to engage in federally-funded research. “Universities respond to ...
Commentary
‘Soak the Rich’ Won’t Rescue Calif. Healthcare
A group of unions in California has proposed a new plan for paying for healthcare — soak the rich. That’s the idea behind the Billionaire Tax Act, a 2026 ballot initiative that would impose a 5% tax on the state’s billionaires in order to raise money for healthcare programs and ...
Blog
Spending Watch
Spending Watch: The Unpleasant Arithmetic of a California Wealth Tax
Spending Watch: The Unpleasant Arithmetic of a California Wealth Tax Wayne Winegarden October 2025 A just proposed initiative to impose a one-time wealth tax on billionaires summarizes why California has fallen from the fourth to the fifth largest economy in the world. State policymakers continually view the private sector as ...
Does California Need Billionaires?
If supporters are able to rack up 874 ,641 signatures, the 2026 Billionaire Tax Act will appear on the Nov. 3 ballot. Should it pass, it will levy “a one-time 5% tax on billionaire wealth.” Rather than waiting until voters make their decision, a few billionaires have already left California, including PayPal and ...
Proposed Patent Tax Threatens the Research That Powers Growth
Is federally funded science really a raw deal for taxpayers? Commerce Secretary Howard Lutnick seems to think so. “If we fund it and they invent a patent,” he recently said, “the United States of America taxpayer should get half the benefit.” Lutnick is proposing a 50% excise tax on the ...
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 ...
Tough Times Ahead for California in 2026
But he won’t be alone. Difficult times are ahead for all Californians. According to Indian government data, that country’s GDP has reached $4.18 trillion in U.S. dollars. By 2030, India’s GDP is projected to be $7.3 trillion. The most recent numbers from the International Monetary Fund, posted in April 2025, has California at $4.1 trillion. The UCLA Anderson School ...
Proposed patent tax offers a dangerous ‘solution’ to a non-existent problem
US Commerce Secretary Howard Lutnick believes taxpayers are getting short-changed by America’s patent system. Last year, he argued that the federal government should be entitled to 50% of the revenue universities earn from licensing the patented discoveries they’ve made with help from federally funded research grants. Lutnick is deeply mistaken. ...
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 ...
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,” ...
New PRI Brief: Patent Taxes Threaten America’s Most Productive Engine of Growth
SACRAMENTO. (December 22, 2025) — The free-market Pacific Research Institute today released an issue brief finding that the Trump administration’s proposed 50% tax on patent revenue from inventions created using federal grants would disincentivize universities from expending the time, money, and effort to engage in federally-funded research. “Universities respond to ...
‘Soak the Rich’ Won’t Rescue Calif. Healthcare
A group of unions in California has proposed a new plan for paying for healthcare — soak the rich. That’s the idea behind the Billionaire Tax Act, a 2026 ballot initiative that would impose a 5% tax on the state’s billionaires in order to raise money for healthcare programs and ...
Spending Watch
Spending Watch: The Unpleasant Arithmetic of a California Wealth Tax
Spending Watch: The Unpleasant Arithmetic of a California Wealth Tax Wayne Winegarden October 2025 A just proposed initiative to impose a one-time wealth tax on billionaires summarizes why California has fallen from the fourth to the fifth largest economy in the world. State policymakers continually view the private sector as ...
