Taxes

New Laffer book details Reagan prosperity recipe

Tuesday, October 14th, 2014
Laffer Reagan

If you have a great recipe, keep using it. Don't be chicken. Just ask Col. Sanders. Why then don't Republican candidates just follow Ronald Reagan's successful economic recipe from the 1980s? Cut taxes; in his case, from the top income tax rate of 70 percent in 1980 to 28 percent in 1988. Keep mo...

Want to extend Prop. 30 tax increases?

Tuesday, October 7th, 2014
Prop. 30

You probably saw this one coming. Just two years ago Gov. Jerry Brown and his union allies hoodwinked voters into passing Proposition 30, $7 billion in tax increases. Most of the taxes hit "millionaires," which in California New Math means anyone making more than $250,000 a year -- still the middle-...

Texas Latinos out-achieve CA Latinos in broad array of categories

Tuesday, September 30th, 2014
california-texas-immigration-reform-300x239

Heritage Foundation senior editor Mike Gonzalez has a new book out this month, "A Race for the Future: How Conservatives Can Break the Liberal Monopoly on Hispanic Americans." Gonzalez, a former Wall Street Journal reporter, takes a deeper look at how Hispanics have done in Texas vs. how they've don...

CSU fee addiction shows value of Props 13, 26, 62, 218

Wednesday, September 10th, 2014
student.fees

The newsrooms of California appear to have collectively decided that the state props that make raising taxes and fees more difficult for elected officials -- starting with 13, 26, 62 and 218 --- are irrational. This is regularly reflected in the coverage of Prop 13 that depicts it as a symbol of Go...

How are Japan’s tax increases working?

Monday, September 8th, 2014
Rising Sun movie

Given the desire for even more tax increases for American and California, how are the recent  tax increases working in Japan? TOKYO (AP) -- Japan's economy shrank more sharply in the second quarter than first estimated and the latest indicators suggest only a modest bounce back since then. The w...

CA, Tesla and the slippery slope to crony capitalism

Monday, September 8th, 2014
Crony_Capitalism-cover-300dpi

The decision of Tesla to locate its "gigafactory" in the Reno area instead of California offers critics of the state's business climate a chance to once again knock Gov. Jerry Brown and other state leaders for failing to care about the private sector. I am sympathetic to this critique. Tesla has eme...

L.A. restaurants make plain there’s no such thing as a free lunch

Thursday, September 4th, 2014
fnc-taxesatpump

Is it a passive-aggressive way for independent businesses to let customers know about the cost of government regulation? Or just a trick that allows those businesses to charge more than they normally would without prompting grousing from their customers? Whatever the truth is, L.A. Weekly note...

Bill would end Medi-Cal asset seizures

Friday, August 29th, 2014
Seventh seal

"Nothing is certain in this world except death and taxes" is an old saying. California also has seizures after death. Now, the California Legislature just passed a bill to limit the seizure of the estates of Medi-Cal recipients. The Mercury-News reported: Hanging in the balance are the hopes --...

Kiplinger: CA taxes highest — and state hostile to retirees, too

Wednesday, August 27th, 2014
kip

Over the years, when I've reported that the nation's CEOs continue to rank California as the most anti-business state in the country, I've gotten some blowback in emails and comments that question whether the ranking was manipulated. This is goofy paranoia -- the suggestion by CA Dems and labor type...

In L.A., Obama attacks corporations

Monday, July 28th, 2014

During his recent trip to Los Angeles, in which his motorcade blocked a pregnant woman's path to the maternity ward, President Obama attacked U.S. corporations that flee the massively high taxes he imposes. The corporations merge with foreign corporations, thus paying the more reasonable tax rates...