Taxes

Teacher pay raises gobble up Prop 30, LCFF funds

Thursday, December 18th, 2014

In 2012, California voters approved Proposition 30, which temporarily raised sales taxes on everyone and income taxes on the wealthy. The measure was sold with the promise it would directly help public education. It was "for the kids." In 2013, the California Legislature approved a dramatic chang...

Low taxes bring CA high tech to Luxembourg

Sunday, December 14th, 2014
Luxembourg map

Luxembourg is a small, low-tax duchy that's attracting European centers for high-tech firms from California and elsewhere.  FT reported: In short order Apple’s iTunes division set up its European home in Luxembourg and was then joined by Microsoft, Cisco and eBay, a veritable tech surge.... Hig...

Congress switches to dynamic scoring

Monday, December 1st, 2014

This should have happened the last time Republicans took over all of Congress, in 1995. The new GOP majority is switching budget calculations to "dynamic scoring." The L.A. Times reported: For years, leading GOP lawmakers have wanted to change the way that the nonpartisan congressional staff calcul...

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...