LA & CA Economic Forecast: Upbeat but Cloudy

Joel Fox
Editor of Fox & Hounds and President of the Small Business Action Committee

California is shockingly business unfriendly but it hasn’t stopped economic growth or a positive assessment of the Los Angeles and California economy Beacon Economics co-founder Chris Thornberg said at the third annual Forecast LA. Loyola Marymount University’s Fernando Guerra presented an upbeat assessment of local residents on the LA economy, results from a poll of […]

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Looking at the Whole Story in Quest for School Taxes

Joel Fox
Editor of Fox & Hounds and President of the Small Business Action Committee

The new Public Policy Institute of California Poll confirmed what I have noted here and elsewhere: that the Proposition 30 tax extension starts with an advantage and has a decent chance of passing. One reason for this, according to a question asked by the pollsters, is that likely voters (by 60%) think that schools need more […]

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Will Brown Sign Bill to Closely Monitor the Bullet Train?

Joel Fox
Editor of Fox & Hounds and President of the Small Business Action Committee

Sometimes watching Governor Jerry Brown in action you often think of Forrest Gump’s box of chocolates: “You never know what you’re going to get.” A recent example: the Jerry Brown who holds a relatively tight reign on the budget in support of economic prudence dismisses economic theory for what he termed a moralistic stand when […]

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Perception is Reality for CA Business

Joel Fox
Editor of Fox & Hounds and President of the Small Business Action Committee

The Milken Institute recently released a report based on its annual California Summit conference dealing with a myriad of state issues. One chapter took the name of a conference panel: Perception vs. Reality: Is California Business Friendly? The chapter on the business climate began this way: Despite its many strengths, California suffers from a perception of […]

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Betty Yee: Tax Reform is Hard, Start the Conversation Now

Joel Fox
Editor of Fox & Hounds and President of the Small Business Action Committee

Previewing the coming report from her Council of Economic Advisors on Tax Reform, state Controller Betty Yee said California needs comprehensive tax reform that must generate job creation to produce a healthy California economy. Speaking at the Los Angeles County Business Federation Institute last week, Yee noted proposed fixes to the tax structure have rarely […]

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Long Ballot Blues

Joel Fox
Editor of Fox & Hounds and President of the Small Business Action Committee

With expected November ballot measures falling away because of political pressure, costs and legislative deal-making, the concern of an extremely long ballot has diminished somewhat but a long ballot still could confront voters. The length of the ballot could play a role in determining outcomes of some of the measures, especially appearing at the end […]

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A Bid for Transparency Turns Murky

Joel Fox
Editor of Fox & Hounds and President of the Small Business Action Committee

In an age when the quest for transparency in government is treated akin to securing the holy grail, Sen. John Moorlach’s “Financial Transparency Act” (SB 1251) has been frustrated by legislative hurdles. On Tuesday, the bill was turned aside on a party line vote although all members of the Public Employment and Retirement Committee did vote […]

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Jerry Brown and Paul Ryan – Two of a Kind (on Subsidiarity)

Joel Fox
Editor of Fox & Hounds and President of the Small Business Action Committee

Governor Jerry Brown and House Speaker Paul Ryan both offered support for the principle of subsidiarity — simply stated as decentralizing power and moving decision making to the lowest possible authority. Brown’s record on upholding this philosophy is spotty at best. Ryan’s record is yet to be established. Brown first publicly applied the term subsidiarity in […]

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LAO Numbers on Cap-N-Trade Sure Make It Feel Like a Tax

Joel Fox
Editor of Fox & Hounds and President of the Small Business Action Committee

The Legislative Analyst’s letter to Assemblyman Tom Lackey revealing that the cap-and-trade program’s effect on gasoline amounts to $2 billion a year or 11-cents a gallon is no surprise to readers of this page. Numerous writers over the last number of years pointed to the cost that would make its way to consumers at the pump […]

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CA “Tax Freedom Day” Later Than Most States, But…

Joel Fox
Editor of Fox & Hounds and President of the Small Business Action Committee

According to the newly released report from the Tax Foundation, California’s Tax Freedom Day is April 30—the day taxpayers of the state have collectively earned enough money to pay their federal, state and local taxes for the year. While that date places the Golden State 46th on the list of state taxpayers claiming tax freedom, there […]

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