For voters, affordability concerns doom tax increase promises

Loren Kaye
President of the California Foundation for Commerce and Education

Voters are anxious about the cost of living in California. One of the not-so-surprising consequences of this anxiety: they are reluctant to embrace new taxes to pay for even popular ideas, according to a recently released CalChamber poll, The People’s Voice, 2019. Nine of ten voters agree that “earning enough to enjoy a middle class […]

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Voters anxious about public order and affordability

Loren Kaye
President of the California Foundation for Commerce and Education

California voters are anxious.  Reports of steady growth and low unemployment cheer political leaders, but voters are disturbed by decaying public order and an unaffordable cost of living, according to a recently released CalChamber poll, The People’s Voice, 2019. Top of mind for voters is the erosion of public order.  Central to that perception is […]

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Split Roll Vig

Loren Kaye
President of the California Foundation for Commerce and Education

Proponents of the split roll property tax increase surfaced a third version of their measure last month, tweaking it in hope of assuaging assessors and others responsible for making sense of the behemoth.  At the time I complained that the new version “would siphon off tens of millions of dollars to support the crushing implementation […]

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Three Time Loser

Loren Kaye
President of the California Foundation for Commerce and Education

Oops, they did it again.  Proponents have submitted a third attempt at a ballot initiative to create a “split roll,” hiking property taxes by up to $11 billion. This latest version presumably won’t restart the clock, since it amends a month-old measure already being reviewed by the Attorney General and Legislative Analyst. But the changes […]

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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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