Investing in Higher Education is an Investment in our Economic Future

Loren Kaye
President of the California Foundation for Commerce and Education

Cross posted at CalChamber.com. California has become notorious for its competitive economic disadvantages, including the high cost of labor, uncertainty from litigation and regulatory delay, and high state and local taxes. Much of the debate about improving our economic performance has been over how to reduce these disadvantages. A welcoming business climate is indispensible to [...]

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After Chiang Fiasco, the Worst of Prop 25 Survives

Loren Kaye
President of the California Foundation for Commerce and Education

Last June, after he temporarily halted legislative pay for passing an unbalanced budget, I congratulated Controller John Chiang for making the big time, but suggested he might be a one-hit wonder. The Controller wanted to add “budget judge” to his job description, in effect enforcing Proposition 25’s pass-a-budget-or-no-pay rule on the Legislature, by bootstrapping a [...]

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Initiative Reform is Another Way to Frame More Taxing Power

Loren Kaye
President of the California Foundation for Commerce and Education

Senate Leader Darryl Steinberg sent initiative reformers’ hearts aflutter when he announced he was jumping on the reform bandwagon. Speaking to reporters, Sen. Steinberg ticked off three changes that he said would “both strengthen … direct democracy and empower the people elected by their communities…” He supports: Allowing the Legislature to place statutory initiatives, including [...]

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High Income = High Taxes

Loren Kaye
President of the California Foundation for Commerce and Education

Most taxpayers bid tax day good riddance – though the tax collectors seem to consider it an on-the-job holiday. This tax week is a little different than usual, since the Governor and his allies are briskly circulating a proposal to raise income and sales taxes to staunch the state budget deficit. Though Gov. Brown has [...]

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Job Killing Bills Hobble California in Global Competition

Loren Kaye
President of the California Foundation for Commerce and Education

Crossposted at CAJobKillers.com. CalChamber released its list of Job Killing legislation yesterday – 23 bills that would further curb California’s competitiveness and chill our investment climate. Expect on cue from labor unions and the tax-and-regulation lobby: tearing of hair and rending of garments. In their view, reforms to improve flexibility for workers and expedite permits [...]

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Regulators Don’t Feel the Budget Squeeze

Loren Kaye
President of the California Foundation for Commerce and Education

Even as Gov Brown does an admirable job of restraining the overall growth in state employment, the regulatory bureaucracy balloons. Boosted by strong constituencies in the Legislature, and insulated by their reliance largely on industry fees, fines and penalties, regulatory agencies have seen their staffs grow by fourteen percent over the past four years – [...]

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High Speed Rail Won’t be Built with Carbon Credits

Loren Kaye
President of the California Foundation for Commerce and Education

Don’t look now, but the California bullet train may derail the Cap and Trade auction. The auction is the scheme devised by California environmental regulators to squeeze billions in revenues from greenhouse gas emitters to finance various energy and environmental projects. It is not necessary to achieve the GHG reductions mandated by AB 32; that [...]

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Self-Employment Vital to California Economic Growth

Loren Kaye
President of the California Foundation for Commerce and Education

Crossposted at CalChamber.com. Independent contractors are a vital and growing source of California’s economy, according to a new report co-sponsored by several leading business organizations. Attempts to rein in independent contractors through onerous regulations would have a harmful effect on California’s economic productivity and employment. Independent contracting is a business arrangement in which a client [...]

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New State Energy Tax is Illegal and Unwise

Loren Kaye
President of the California Foundation for Commerce and Education

Crossposted at CalChamber.com. Billions of dollars in new taxes may soon flow into California state government to be spent on new programs. The taxes are harmful to the economy, they’re probably illegal, and they’re not even needed for the program’s success. And don’t even imagine that they’re getting Legislative or voter approval. I’m not talking [...]

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Business Execs Optimistic About Economy; Not so About Business Climate

Loren Kaye
President of the California Foundation for Commerce and Education

The California Foundation for Commerce and Education (of which I am the president) this week released its 2012 survey of business executives detailing current attitudes about the state’s economy, business climate, and budget. The study was sponsored by the California Chamber of Commerce. The entire survey can be found here. Business executives are more optimistic about [...]

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