The Split Roll Property Tax May be on Ice, but Make Way for the Split Roll Sales Tax.

Loren Kaye
President of the California Foundation for Commerce and Education

Senator Bob Hertzberg last week unveiled a long-promised “modernization” of the state sales tax, but it’s mostly just an old-fashioned tax shift from shoppers to businesses. The guts of the plan are simple: over a three-year transition period, cut the existing state sales tax rate by two percentage points (from 4.75% to 2.75%) and enact a new […]

Read more

Privacy Initiative Won’t Stem Internet Abuses

Loren Kaye
President of the California Foundation for Commerce and Education

It’s not surprising that proponents of the so-called “California Consumer Privacy Act” would want to draw attention to the latest controversies around internet privacy. Not surprising – but dishonest. The initiative has nothing to do with the situation in the headlines. The ballot measure would not have prevented it and doesn’t even contemplate the scenario. […]

Read more

Federal Tax Reform Means More Business Taxes for California

Loren Kaye
President of the California Foundation for Commerce and Education

California’s corporate tax base may increase by up to 12 percent as a result of federal tax reform legislation, according to a study recently released by the State Tax Research Center. This means that revenues from California’s corporate income tax could increase by as much as $1.3 billion – without any action by state lawmakers to increase corporate […]

Read more

Seven initiatives to watch that threaten California prosperity

Loren Kaye
President of the California Foundation for Commerce and Education

Voters may face as many seven ballot measures damaging to California’s business and political climate in November. Any one of these measures should motivate millions in opposition spending by affected industries. More than a few are likely to qualify for the ballot. Conventional wisdom teaches that gubernatorial elections deliver older and more conservative voters to […]

Read more

Achieving Economic Growth and Upward Moblity

Loren Kaye
President of the California Foundation for Commerce and Education

2018 is a transition year in California politics and public policy. Voters will elect a new Governor, replace at least seven constitutional officers and seat at least ten new members of the Legislature. Practicing direct democracy, voters will decide in November on as many as 20 ballot measures influencing the political and economic climate. But […]

Read more

New partnership for youth employment and opportunity launched

Loren Kaye
President of the California Foundation for Commerce and Education

The California Chamber of Commerce and the Linked Learning Alliance have launched a new California network of employer associations committed to advancing youth opportunities and reducing youth unemployment. The lead organizations, CalChamber and Linked Learning Alliance, bring together six local employer organizations for the network: the Los Angeles Area Chamber of Commerce, Oxnard Chamber of […]

Read more

Court of Appeal Upholds Strict Regulatory Review Mandate

Loren Kaye
President of the California Foundation for Commerce and Education

State agencies must take seriously the requirement to conduct a timely, accurate economic analysis of major regulations, according to a recently-released opinion by the 5th District Court of Appeal. In a unanimous opinion upholding the trial court, the appellate justices found that the final economic impact analysis used in rulemaking must be based on evidence, as must […]

Read more

Housing shortage biggest threat to California’s growth

Loren Kaye
President of the California Foundation for Commerce and Education

The overall California economy is humming along quite nicely, and even though we may be overdue for a turn in the business cycle, there are few indications of the threats to economic growth that usually precede a downturn. Parts of the Bay Area and Southern California are beyond full employment, which means some California regions […]

Read more

CalChamber poll finds voters open to a middle lane

Loren Kaye
President of the California Foundation for Commerce and Education

Last week in this space we summarized the findings of the Third Annual CalChamber Poll, which found California voters generally anxious about the future. Voters are very concerned about the cost of living – especially as it might affect the ability of their children to live in California. They cite the cost of housing, taxes and […]

Read more

CalChamber Poll Finds Voters’ Concerns at Odds with Political Leaders

Loren Kaye
President of the California Foundation for Commerce and Education

Californians are anxious. The economy is growing, the state budget is balanced and the rains have resumed. Yet California voters are apprehensive about the future. They worry that state leaders are not addressing the issues that truly concern them, according to the third annual CalChamber Poll. For the first time in three years of polling, […]

Read more