If there was any question whatsoever as to whether California has gone completely off the rails, proposals in the new state budget should remove all doubt. Perhaps the most egregious of these involve changes in state law as they relate … Continue reading
California has a record $21.5 billion surplus. That’s the good news. The bad news is that we have all that money because you are being overtaxed. Earlier this month, Gov. Gavin Newsom released his revised budget proposal, the largest in … Continue reading
To hear progressives tell it, California’s property tax is way too low and needs to be increased to fund the critical needs of schools and local governments. But the notion that Proposition 13 – enacted 40 years ago – has … Continue reading
The phenomenon of “taxuration” occurs when taxpayers are so saturated with new tax-hike proposals that they start to rebel. According to a new poll, taxuration may have finally arrived in California, if hasn’t been here already. Last week, the Public … Continue reading
California’s largest companies could find themselves paying an additional $11 billion a year in property taxes under a ballot measure that would dramatically revise the state’s tax-cutting Proposition 13. Schools and Communities First, a wide-ranging group of community organizations, education … Continue reading
Ronald Reagan once said, “Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” With a record $130 … Continue reading
It seems eons ago that California progressives were predicting the end of Western Civilization if Congress passed the Republican tax reform bill. Similar to the predictions of doom advanced for another earth-shattering tax reform measure – Proposition 13 in 1978 … Continue reading
California state government has so much money this year that it’s opening two new savings accounts so it can keep socking away even more cash for the rainy day that Gov. Jerry Brown says is just over the horizon. That tactic — … Continue reading
California’s gross domestic product surpassed $2.7 trillion in 2017, reports the Associated Press, an output with places California’s economy ahead of the United Kingdom’s. California now has the distinction of having the worlds fifth largest economy, a distinction it last held in 2002. … Continue reading
Californians voted to lay down tracks for a high-speed rail nearly 10 years ago but with each delay or funding deficit, it still feels like a distant dream. Only four months into 2018, on the heels of filing their taxes, … Continue reading