Budget and Finance

CA Dems seek new corporate tax

Tuesday, May 6th, 2014

A new bill would hike taxes on corporations with the biggest spread in paid wages. The legislation, Senate Bill 1372, was recently introduced by state Sens. Mark DeSaulnier, D-Concord, and Loni Hancock, D-Oakland. It passed the Senate Governance and Finance Committee late last month. Rather ...

‘Job-Killer’ bill would allow split-roll parcel tax

Friday, May 2nd, 2014

Just days after Toyota announced plans to move its corporate headquarters to Texas, the California Senate is poised to adopt a bill that would create a split-roll parcel tax system. Senate Bill 1021, introduced by state Sen. Lois Wolk, D-Davis, would allow school districts to impose different p...

Gov. Brown will see Mexico’s low taxes in action

Tuesday, April 29th, 2014
Mexico coat of arms, wikimedia

Gov. Jerry Brown today announced that in July he will lead a California trade mission to Mexico. He "will be joined by a diverse delegation of California government, business, economic development, investment and policy leaders on the Mission, which will be organized by the California Chamber of Com...

CA vies with other states’ film tax credits

Monday, April 28th, 2014

The market for movie and television production is now an incentive-laden free-for-all. Faced with fierce competition from statehouses around the country, two California assemblymen have introduced a new bill upping the stakes in the tax credit arms race. Assembly Bill 1839 has been introduced...

San Bernardino bankruptcy shows pensions crowding out services

Wednesday, April 23rd, 2014
San Bernardino city seaL BANKRUPT

  In his novel “The Sun Also Rises,” California novelist Ernest Hemingway wrote, “How do you go bankrupt? Two ways: Gradually, then suddenly.” Case in point: the City of San Bernardino, which filed for bankruptcy in 2012. The pace of municipal bankruptcy there has been slow beca...

Sen. Steinberg dumps carbon tax idea

Monday, April 21st, 2014

State Senate President Pro Tem Darrell Steinberg, D-Sacramento, has given up on his plan to replace California's cap-and-trade law with a carbon tax on vehicles. At first, Steinberg wanted to simplify the way California regulated emissions. To do so, he suggested that revenue from a gas tax co...

Video: Can CA tax its way to prosperity?

Friday, April 18th, 2014
NEW: Video: Can CA tax its way to prosperity?

California taxes are going up, but according to Americans for Tax Reform's Grover Norquist, the new revenue isn't going solve any problems. He explains why real change in the state need to come in the form of pension reform. http://youtu.be/fN88iWbSRZk

Video: Is cap and trade good policy for CA?

Friday, April 18th, 2014
NEW: Video: Is cap and trade good policy for CA?

Writer Stephen Moore, formerly of the Wall Street Journal, discusses how California's energy policy is driving businesses out of the state. http://youtu.be/tdJHAobQgeA

Split-roll tax bill strikes at Prop. 13

Thursday, April 17th, 2014
Howard Jarvis

  Almost every year in the California Legislature Proposition 13 becomes a target for those seeking higher taxes. The 1978 tax-limitation measure, among other things, requires a two-thirds vote for local tax increases. As budget maneuvers heat up in the Legislature, state Sen. Lois Wolk, D-Da...

Video: Would a flat tax make CA’s comeback last?

Thursday, April 17th, 2014
NEW: Video: Would a flat tax make CA’s comeback last?

CalWatchdog.com editor-in-chief Brian Calle discusses the California economic comeback with writer Stephen Moore. http://youtu.be/4OJNdIKfKes