A TAX INCREASE FOR HIGHER WAGE EARNERS California has a short-term disability program that pays people who cannot work because of a non-work related illness, injury or pregnancy. The program is funded by a 1.1% tax on wages. In the past, this tax only applied to wages below a ...
California Passes Record Tax Increase; Action Taken to Close Largest State DeficitLou Cannon
California temporarily raised taxes on businesses to help offset what they thought would be a huge deficit. Instead, California posted record surpluses. That tax increase was scheduled to expire at the end of this year. Newsom wants to to end it one year early, which would...
California, where the cost of a gallon of gasoline is more than $1 above the national average, increased its gas tax on Thursday. The increase is small - six-tenths of a cent - but brings the already highest-in-the-nation gas tax to 51.1 cents. The average cost of a gallon of ...
In a rare action, the state Supreme Court granted a hearing Wednesday on a request by Gov. Gavin Newsom and Democratic legislators to remove an initiative from the November 2024 state ballot that would require voter approval for any increase in state or local taxes or fees. ...
The measure would have required voters to approve any tax increase passed by the state Legislature. It also would have required all local tax increases to be approved by two-thirds of voters instead of a simple majority vote. The biggest impact, however, was that the measur...
He started out with two good years of “blowing up the boxes” of government bureaucracy, cutting spending and canceling Davis’ unconstitutional car-tax increase. Unfortunately, he reversed his original vision and, thanks to his misrule, the state works less well than ever. I now regret suppor...
The legislation passed 27 to 7, with one Republican — Sen. Scott Wilk (R-Santa Clarita) — joining Democrats in support. As a tax increase, it required support from two-thirds of the Senate and now advances to the Assembly. Advertisement ...
Californian demographics Along with an increase in population,California’s gross domestic product (GDP)has also been increasing, from 1.7 trillion U.S. dollars in 2000 to 3.23 trillion U.S. dollars in 2023. In the same time period, theper-capita personal incomehas almost doubled, from 33,...
“That’s a fundamental shift in power that separates (this measure) from all the other tax measures that have come before it,” she told the justices. The measure would also reclassify many government fees as taxes and apply retroactively to any increase approv...