In the first four months of the 2017-18 legislative session, California lawmakers introduced $155 billion in higher taxes and fees – a staggering amount that will give pause to every business owner when considering expansion, and cause families to reflect on California’s affordability.
This week, the California Tax Foundation released the third edition of Tax Watch: Major Taxes and Fees Introduced in the California Legislature, a report cataloging all legislation introduced since the start of the legislative session in December that proposes a new or increased tax or fee.
The cumulative sum of these proposals is the highest we’ve ever identified. These proposals seek to increase the price of the most basic necessities – housing, health care, child care, groceries and driving a car. From a business perspective, these bills would make it costlier for start-ups, family businesses, neighborhood restaurants and California’s industry icons to keep their doors open.