Posts Tagged: tax
News
PPIC: Majorities of California’s likely voters strongly support three of four key ballot measures on Nov. 8, including marijuana legalization, a tax increase extension and a new tax on tobacco, according to a new survey by the Public Policy Institute of California. Support for the fourth measure surveyed, a $9 billion borrowing for school construction, was far more narrow and within the survey’s margin of error.
Opinion
OPINION: For those who think the issues at hand are unique to the current domestic dis-tranquility or represent new challenges for inmates of the governing class, gander this: “This is becoming the richest and the poorest country in the world.”
Opinion
OPINION: When the California Air Resources Board released the results of its May auction of carbon allowances, audible gasps from around the state could be heard from the space station. I kid – but only just a little. The auction results did in fact create a great shock: many had expected at least half a billion dollars to be collected at the quarterly auction, but the auction generated only about ten million dollars. But here’s the truth: The super-low May auction result should actually help the State’s legal defense of cap-and-trade.
News
Politico, a Washington, D.C.-based news outlet, plans to expand its California presence by adding 34 full-time employees by the end of next year and an additional seven by 2020, according to state business officials.
News
First, take 3,000 political junkies, mix in a few dozen ambitious politicians, stir thoroughly. Let simmer for three days and — Whee! — you have California’s Democratic Party Convention. It was an earnest carnival reflecting what makes California politics so much fun.
Opinion
OPINION: The same day Governor Jerry Brown delivered his proposed state budget, Barbara Brown died of exposure on a skid row street during an El Niño storm. More than the coincidence of a common last name links the two. As a literal storm killed this unfortunate woman, Gov. Brown once again ignored California’s worsening housing crisis, instead calling on the state to squirrel away $2 billion on top of required state reserves in order to save for an economic “rainy day.”
News
California’s economy may not be booming, but it is definitely on the mend. The Bay Area is churning out high-tech profits and high-wage jobs. In other parts of the state, unemployment is inching down toward full-employment levels. And as always when California’s economy improves, tax revenues are soaring. With an income tax system highly dependent on the wealthy and their investment income, the state treasury typically sees a windfall whenever times are good.
News
In late October, the California and Hawaii chapters of the NAACP gathered for a convention in Los Angeles to discuss issues facing the African-American community. Among the bevy of politicians and suits, one attend stood out: Calvin Broadus Jr., better known as rapper Snoop Dogg, famous for singing “Smoke weed every day.”
News
It’s all about coming up with a plan to hang onto the $1.1 billion in matching funds the feds ship to California each year to help finance MediCal, the immense program that provides health care to about 12.5 million of California’s poorest patients. MediCal is larger than ever now because of the Affordable Care Act, which added more than four million Californians to the millions already receiving MediCal coverage
Opinion
OPINION: With more than a dozen major tax measures moving through the Legislature or toward the November 2016 ballot, California’s perennial debate about taxes is set to begin anew — with millions of dollars in political campaigns preparing to shape how the state will raise billions of dollars in revenue, and provide public services, for years to come.
Photo illustration: Thomas Pajot, via Shutterstock.
