Governor Brown Unveils His Rainy Day Reserve – A Reform That Fits The Times

Loren Kaye
President of the California Foundation for Commerce and Education

Governor Brown was in office when the first state spending limit was passed in 1979. Yesterday he proposed a measure that might actually work as advertised. We’ve learned a lot about state budgets, revenues and unintended consequences during the past 35 years. Governor’s Brown’s rainy day reserve nods to that experience, and brings forth a […]

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This Fracking Horror Story Is Bad Fiction

Loren Kaye
President of the California Foundation for Commerce and Education

An evil corporation aims to flood the earth’s crust with water, causing massive earthquakes and threatening the survival of humanity! Sounds like a movie? Of course it is. But it’s also an insane scenario being peddled by the Center for Biological Diversity, and given life by legitimate mainstream media. The Center claims that the use […]

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Farewell to a Towering Californian

Loren Kaye
President of the California Foundation for Commerce and Education

A quiet giant in California’s civic affairs passed away last weekend. Bill Hauck, 73, held many important positions. He was senior adviser to one (Republican) Governor and two (Democratic) Assembly speakers. He resurrected and for 15 years led the California Business Roundtable. For 20 years he served on the Board of Trustees of California State […]

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Options For Improving Transportation Finances

Loren Kaye
President of the California Foundation for Commerce and Education

In two recent articles, I have made the case that transportation finance in California is falling far short of our needs, and that the gas tax, for structural and public policy reasons, is an inadequate source of ongoing investment for roads and highways. After all, a robust travel network is vital for moving Californians between […]

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State Policies Exacerbate Transportation Finance Shortfall

Loren Kaye
President of the California Foundation for Commerce and Education

Financing for California’s transportation system is suffering not only because the gasoline tax is insufficient, as I explained in a recent article, but also because of public policies that are making matters worse. California has made impressive gains in maximizing the value of its roads and highways. For a far-flung, suburban-style state, we have robust […]

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CalChamber Pursues Litigation of Illegal Cap and Trade Auction

Loren Kaye
President of the California Foundation for Commerce and Education

California businesses and consumers are paying hundreds of millions in illegal taxes levied by the Air Resources Board that were never authorized by the Legislature. That is the case being made by the California Chamber of Commerce* in an appeal filed yesterday in litigation to overturn the cap-and-trade revenue-raising auction. The appeal was filed with the […]

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Turning Recovery Into Prosperity: A Policy Agenda

Loren Kaye
President of the California Foundation for Commerce and Education

Adapted from CalChamber’s Solutions for a Strong Economy.  Viewed from on high, the California recovery gained momentum in 2013. Per capita personal income has continued to increase, even after adjusting for inflation, for the fourth consecutive year. For the first time the state’s gross domestic product topped $2 trillion, marking California as the world’s tenth […]

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Demise of Car Tax Initiative Leaves Transportation Finance Unresolved

Loren Kaye
President of the California Foundation for Commerce and Education

News last week that proponents have dropped their initiative to increase the car tax for transportation projects was unsurprising, but only leads to the larger question of how to meet legitimate new needs for roads, highways and other transportation works. Recent private polling has found that voters are disinclined to approve new taxes for …almost anything. […]

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What Did All That Seniority Get Us?

Loren Kaye
President of the California Foundation for Commerce and Education

The recent retirement from Congress of venerable Democrat Henry Waxman is just the latest of a surprisingly long list of departures  of senior California congressmen. One reporter calculated that California has lost 400 years of Congressional experience from these two most recent election cycles. Recent retirees comprise veterans from both parties, serving in influential positions […]

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March of the Regulators

Loren Kaye
President of the California Foundation for Commerce and Education

Which industries have shown the most employment growth in California over the past eight years? Software development, check. Computer systems design, check. On-line retail, check. Specialty health care services, check. Information services and health care are among­ the few industries you would expect to thrive in California, even through a recession. Add to that rarefied […]

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