Taxes
Blog
Spending Watch
May Revise Preview: Sacramento Should Learn Lessons from the 2009 Budget Crisis
May Revise Preview: Sacramento Should Learn Lessons Wayne Winegarden May 2024 Governor Newsom is finalizing the May Revision for his 2024-25 budget plan this week. As he does, the parallels between California’s 2009 budget crisis and today’s budget difficulties are too compelling to ignore. Sacramento policymakers should heed the ...
Blog
Spending Watch
Single Payer Will Worsen California’s Healthcare System and Reduce Economic Growth
Single Payer Will Worsen California’s Healthcare System and Reduce Economic Growth Wayne Winegarden March 2024 With the introduction of AB 2200, advocates are, once again, proposing that California adopt a single payer healthcare system. Ostensibly, their proposed CalCare system would streamline payments, lower per-capita spending, guarantee “quality health care and ...
Blog
Spending Watch
Too Much Government Spending and Volatile Tax Revenues Drive State’s Budget Problem
Too Much Government Spending and Volatile Tax Revenues Drive State’s Budget Problem Wayne Winegarden March 2024 This analysis is the first publication of Spending Watch, a new initiative from the Pacific Research Institute. Spending Watch is a resource that evaluates the revenue, spending, and economic impacts of major budget and ...
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, ...
Blog
Spending Watch
Reparations: A Financially Unrealistic Proposal That Will Bankrupt California
Reparations: A Financially Unrealistic Proposal That Will Bankrupt California Wayne Winegarden February 2024 With the introduction of its first set of reparations bills, the California legislature is officially considering the recommendations of the California Reparations Report from the state Reparations Task Force.1 Given these introductions, it is imperative to understand ...
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 ...
Blog
Learn how homelessness is now hurting California pro teams
How Homelessness, Taxes Impacted Deal for Baseball’s Top Free Agent
In fact, San Francisco’s status these days as a not very desirable place to live, work, or play also played a major factor in the deal. Giants legend and future hall of famer Buster Posey, who is now a member of the team’s executive board and was involved in the ...
Blog
Read about latest job killer bill
Lawmakers Push Yet Another Drain on California Employers Stretched to the Breaking Point
If California policymakers set out to punish and in some cases eventually destroy small businesses, they would add to employers’ already heavy burden by nearly doubling the number of paid sick days they have to provide. Which is exactly what they are doing. Senate Bill 616, passed on Sept. 1 ...
Business & Economics
NEW STUDY FINDS
Americans Pay $1,300 ‘Tort Tax,’ Fixing Legal System Would Grow Economy by 2 Percent
Americans pay a “tort tax” of $1,300 per person thanks to lawsuit abuse, and reforming the legal system could boost the U.S. economy by 2 percent over time, finds a new study released today by California-based, nonpartisan, free-market think tank, the Pacific Research Institute. “Frivolous lawsuits reduce economic opportunities, jobs, ...
Business & Economics
Learn how PRI is fighting for taxpayers
PRI Files Amicus Brief Challenging Congress’ Power to Levy Wealth Taxes
Click here to read PRI’s amicus brief The case involves the legality of a provision of the 2017 Tax Cuts and Jobs Act that included a so-called mandatory repatriation tax that imposed taxes on U.S. citizens who accumulated foreign earnings from foreign corporations, even if the earnings were not distributed. ...
Spending Watch
May Revise Preview: Sacramento Should Learn Lessons from the 2009 Budget Crisis
May Revise Preview: Sacramento Should Learn Lessons Wayne Winegarden May 2024 Governor Newsom is finalizing the May Revision for his 2024-25 budget plan this week. As he does, the parallels between California’s 2009 budget crisis and today’s budget difficulties are too compelling to ignore. Sacramento policymakers should heed the ...
Spending Watch
Single Payer Will Worsen California’s Healthcare System and Reduce Economic Growth
Single Payer Will Worsen California’s Healthcare System and Reduce Economic Growth Wayne Winegarden March 2024 With the introduction of AB 2200, advocates are, once again, proposing that California adopt a single payer healthcare system. Ostensibly, their proposed CalCare system would streamline payments, lower per-capita spending, guarantee “quality health care and ...
Spending Watch
Too Much Government Spending and Volatile Tax Revenues Drive State’s Budget Problem
Too Much Government Spending and Volatile Tax Revenues Drive State’s Budget Problem Wayne Winegarden March 2024 This analysis is the first publication of Spending Watch, a new initiative from the Pacific Research Institute. Spending Watch is a resource that evaluates the revenue, spending, and economic impacts of major budget and ...
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, ...
Spending Watch
Reparations: A Financially Unrealistic Proposal That Will Bankrupt California
Reparations: A Financially Unrealistic Proposal That Will Bankrupt California Wayne Winegarden February 2024 With the introduction of its first set of reparations bills, the California legislature is officially considering the recommendations of the California Reparations Report from the state Reparations Task Force.1 Given these introductions, it is imperative to understand ...
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 ...
Learn how homelessness is now hurting California pro teams
How Homelessness, Taxes Impacted Deal for Baseball’s Top Free Agent
In fact, San Francisco’s status these days as a not very desirable place to live, work, or play also played a major factor in the deal. Giants legend and future hall of famer Buster Posey, who is now a member of the team’s executive board and was involved in the ...
Read about latest job killer bill
Lawmakers Push Yet Another Drain on California Employers Stretched to the Breaking Point
If California policymakers set out to punish and in some cases eventually destroy small businesses, they would add to employers’ already heavy burden by nearly doubling the number of paid sick days they have to provide. Which is exactly what they are doing. Senate Bill 616, passed on Sept. 1 ...
NEW STUDY FINDS
Americans Pay $1,300 ‘Tort Tax,’ Fixing Legal System Would Grow Economy by 2 Percent
Americans pay a “tort tax” of $1,300 per person thanks to lawsuit abuse, and reforming the legal system could boost the U.S. economy by 2 percent over time, finds a new study released today by California-based, nonpartisan, free-market think tank, the Pacific Research Institute. “Frivolous lawsuits reduce economic opportunities, jobs, ...
Learn how PRI is fighting for taxpayers
PRI Files Amicus Brief Challenging Congress’ Power to Levy Wealth Taxes
Click here to read PRI’s amicus brief The case involves the legality of a provision of the 2017 Tax Cuts and Jobs Act that included a so-called mandatory repatriation tax that imposed taxes on U.S. citizens who accumulated foreign earnings from foreign corporations, even if the earnings were not distributed. ...
