Five Questions for Split Roll Proponents

Loren Kaye
President of the California Foundation for Commerce and Education

Proponents of an $11 billion statewide property tax increase re-filed their ballot initiative this week, claiming “notable improvements to implementation dates, expansive new small business tax relief, clarified education financing and stronger zoning language to ensure large corporations cannot avoid reassessment.” Breaking down the changes, one can’t help but conclude that proponents would not have […]

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Tax study? I’ve got a commission for that!

Loren Kaye
President of the California Foundation for Commerce and Education

Too often the California Legislature behaves like Alexander the Great on the march. It passes bills and never looks back. That the Legislature should study the effects of the legislation it passes should be obvious, and kudos when it chooses to actually take a look back. But once the decision is made to study an […]

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Service tax proposal is a veiled tax increase

Loren Kaye
President of the California Foundation for Commerce and Education

California’s elected leaders are enjoying the fruits of a go-go economy, with record surpluses and record spending on education. So naturally there’s talk of tax increases. Californians have enjoyed nearly 10 years of economic growth, and one of the biggest beneficiaries has been the state budget.  Since the depths of the recession the state budget […]

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California’s Private Economy Fuels State Budget Surpluses

Loren Kaye
President of the California Foundation for Commerce and Education

Taxes continue to pour into the state treasury, like spring snowmelt into Lake Oroville. Thanks to the engine of California’s private economy – the creativity of business leaders and productivity of employees – and the wealth it creates, Governor Gavin Newsom last week announced that revenues exceeded earlier budget estimates by more than $3 billion, […]

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Pay your taxes? Take a breath, more may be on the way

Loren Kaye
President of the California Foundation for Commerce and Education

Today is Tax Day, so if you’re not up to your ears in forms and schedules, you’re probably breathing a sigh of relief. Just don’t get too relaxed. More than $15 billion in tax increases – mostly aimed at business taxpayers – await hearings and decisions in the Legislature. If the tax proposals get that […]

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One Year Countdown to the Census

Loren Kaye
President of the California Foundation for Commerce and Education

In just one year, the US government will fulfill its once-a-decade duty to count every American. April 1, 2020 is Census Day. Armed with a $15 billion budget, the Census Bureau will aim to gather a few key facts about all residents: location, age, race/ethnicity, home ownership, and household members. For the first time, the […]

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Reclaiming the California Promise

Loren Kaye
President of the California Foundation for Commerce and Education

California’s success recovering from the Great Recession masks profound challenges that will bedevil Governor Gavin Newsom and his fellow elected California leaders. During the teeth of the recession, California lost more than 1.3 million jobs and per capita income sagged by 6%. But since hitting bottom nearly a decade ago, we’ve added more than 3 […]

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Why Tax Reform is Hard

Loren Kaye
President of the California Foundation for Commerce and Education

Governor Newsom’s musings have set tax reformers buzzing. Deflecting a question at a budget briefing about where he stands on a ballot proposal to raise property taxes on business, the Governor disclosed his “desire is to use this as an exercise in bringing the parties together to see if we can compromise on a more […]

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Newsom’s First Budget Goes Easy on Taxes

Loren Kaye
President of the California Foundation for Commerce and Education

In his recently-released state budget proposal, Governor Newsom made two important and supportive statements on California’s business and economic climate. First, he reinforced the need for state fiscal stability. While enjoying the benefit of more than $20 billion in surplus revenues, he chose to direct most of the surplus either to bolstering the Rainy Day […]

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Housing Woes Threaten California’s Middle Class

Loren Kaye
President of the California Foundation for Commerce and Education

California’s housing crisis is the worst threat to our middle class lifestyle since the recession. Our median home listing price is nearly twice the national average, and besides Hawaii is higher than any other state. Our median rental rate is half again higher than the national average, and is also the highest in the nation (other than Hawaii). When […]

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