Taxes

Oakland arts tax slams poor

Wednesday, November 26th, 2014
Oakland skyline, wikimedia

With Californians increasingly being priced out of owning homes, what does progressive Oakland do? Make housing even more expensive. Reported the Chronicle: "The City Council passed a law this month that requires private developers to set aside 1 percent of their project costs for public art. With ...

Upbeat LAO report lacks key focus: CalSTRS bailout cost

Friday, November 21st, 2014

The Legislative Analyst's Office released an analysis of state revenue this week that suggests the state won't suffer when temporary tax hikes expire. This is from AP: SACRAMENTO -- A steadily improving economy will buffer California's budget from a drop in revenue expected when temporary tax hikes...

CA is NOT the highest taxed state

Tuesday, October 28th, 2014

You've probably heard California has the nation's highest taxes. Wrong. We're only third-worst, behind even worse New York and New Jersey, according to a new survey by the Tax Foundation's new 2015 State Business Tax Climate Index. Broken down, California ranks 50th -- worst -- on the inco...

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...