tax increase Archives - Page 2 of 2

Assembly Bill To Raise Taxes For Higher Income Earners Faces Tough Legislative Votes

August 3, 2020 1:01 pmAugust 4, 2020 8:09 pm

On Monday, a recently amended bill that would increase taxes on small businesses and taxpayers making over $1 million of taxable income a year began it’s month-long fight to be passed and approved by the end of the legislative session...

Miguel Santiago introduced the free tuition bill.

Massive New Tax Increase Proposed

July 28, 2020 10:20 amJuly 29, 2020 11:26 am

Gutting-and-amending a bill originally related to local governments in the Public Resources Code, Assembly Bill 1253 now proposes a massive tax increase on thousands of sole proprietors and high-income Californians. AB 1253 was amended on July 27, the Legislature’s first...

Prop. 15: Messy Title, Feud With Signer, and Ironic Zuckerberg Contributions

July 27, 2020 12:51 pmJuly 27, 2020 12:52 pm

Proposition 15, given the clever yet disingenuous ballot title, “the Schools and Local Communities Funding Act,” is also known as the controversial Proposition 13 split-roll initiative. The initiative itself is controversial enough without adding drama to it. One of the...

California’s Economy is in Free Fall: Cities Hike Minimum Wage as Economy Falters

April 9, 2020 2:36 amApril 10, 2020 9:50 am

Until further notice, California’s economy is in free fall. As of April 6, California’s Employment Development Department reported receiving 1.9 million new unemployment insurance claims within barely three weeks. As reported in the San Jose Mercury, during the entire 2008 Great...

Teachers Union Promotes Property Tax Increase

February 3, 2020 5:43 pmFebruary 4, 2020 2:18 pm

Last week what is arguably California’s most powerful political special interest, the California Teachers Association (CTA), or teachers union, held its quarterly State Council of Education meeting at the plush Westin Bonaventure Hotel in downtown Los Angeles. The CTA reported revenues of...

Gov. Newsom’s ‘Conformity’ Tax Proposal Cherry-Picking Changes to Federal Law

June 20, 2019 2:05 amJune 20, 2019 8:32 am

California Gov. Gavin Newsom’s proposed state budget contains more than $2 billion in new state taxes, even with $21 billion state surplus. Newsom proposed adopting some of the Trump federal tax code changes – and limiting deductions for business losses,...