California’s biggest problem is its high cost of living, but many “solutions” proposed by politicians are tax increases that would make things worse. For example, Governor Gavin Newsom’s budget proposal includes $14.25 billion in new taxes annually. 1/4
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Governor Gavin Newsom’s budget proposal includes $14.25 billion in new taxes annually, including taxes that would increase the cost of software downloads and the modern tools that businesses rely on to keep their doors open. 3/4
California is also threatening to shut down what has been driving investment in innovative job growth: the R&D tax credit. CA workers will be in the unemployment line, or be asked to relocate, if the governor’s proposal to hike taxes by restricting the R&D credit goes through.4/4
Since the legislative session began, lawmakers have considered increasing California’s annual taxes and fees by $805 billion, including the $14 billion proposed by Governor Newsom in his May budget revision, the California Tax Foundation reported today.
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As Legislature considers Newsom's tax increase on CA R&D, study notes CA accounts for 30% of R&D activity in the US and "R&D investments have a multiplier effect: they attract venture capital, create high-paying jobs, and build a specialized workforce"
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Riverside Unified School District's "delayed decision-making and inconsistent communication regarding the STEM Center have contributed to delays, higher costs, and reduced transparency," state auditor finds.
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Bipartisan group of lawmakers urges Legislature to reject governor's proposed tax increase on California research: "The answer to the state’s long-term budget challenges is not to weaken the sectors driving California’s economy and generating state revenues."
On this date in 1978, Californians reformed the property tax system by passing Proposition 13 by a 2-to-1 margin. By limiting the tax rate AND annual assessment increases, Prop 13 solved problems the Legislature failed to adequately address for decades.
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Today, Senator Ochoa Bogh presented CalTax Board Chair John Cmelak and President Robert Gutierrez with a resolution commemorating the association's 100 years of service as the voice of the taxpayers. Thank you, Senator, for working to protect taxpayers' rights.
ICYMI: First official California union opposition to wealth tax from @CA_Bldg_Trades
Lots of dissent within labor over SEIU-UHW's proposal. But Trades are first to formally oppose it, warning it'll drive away wealthy builders who generate jobs
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Political consultants use tax dollars "to help governments run secret campaigns under the guise of 'neutral' public education, an investigation by The Center Square found."
thecentersquare.com/californ…
California's gas and diesel taxes will increase July 1, the Department of Tax and Fee Administration announced. The gas tax will be 63.4 cents per gallon, up from the current 61.2 cents per gallon (just one portion of the state's total tax on gas).
California's gas and diesel taxes are increasing on July 1, the Newsom administration's Department of Tax and Fee Administration announced at the end of the day. New gas tax will be 63.4 cents per gallon.
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As noted by the Tax Foundation of Washington, DC, California has the highest taxes on gas even before the @cdtfa announcement of the upcoming hike in the excise tax, which is just one component of the state's total tax on each gallon of gas.
taxfoundation.org/data/all/s…
The California Fair Political Practices Commission (FPPC) has reported a “troubling increase” in the number of cases where government officials spend taxpayer dollars to illegally campaign for or against local ballot measures.
thecentersquare.com/californ…
The Assembly Democratic Budget Plan would compound California's affordability problems by adopting Governor Newsom's proposed tax on software downloads and limiting the tax credit that keeps R&D jobs and investments from being shifted to lower-cost states.
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In a hearing that lasted a few minutes, with no discussion, a Senate budget subcommittee voted 3-1 to approve a new tax on digital software downloads and a tax hike that will cost jobs in industries with R&D. The taxes will increase consumer costs and make CA more unaffordable.