Former Speaker Ignores his own Intent on CARB Fees
The reasoning and intent behind a law is of upmost importance especially when courts attempt to interpret legislative actions. Yet, the Air Resources Board and even the bill’s author, Former Assembly Speaker Fabian Nunez, are ignoring the clear intent of “fee” revenue raised under the provisions of AB 32, the 2006 bill to reduce greenhouse […]
Is CTA Too Reasonable?
The California Federation of Teachers came in for heavy criticism in recent months for shooting for the moon. Its Millionaire’s Tax ballot initiative, now dropped in a compromise with Gov. Jerry Brown, was seen as being too bold and ambitious in raising taxes on the rich, so much so that it would have imperiled the […]
Tax Pain at Pumps
According to our poll of readers at the Los Angeles Business Journal, rising gasoline prices are “a big concern” to 96 percent of the respondents. Granted, our poll is highly unscientific – we just ask readers to tell us what they think – but 96 percent may be the most lopsided response we’ve ever gotten […]
Inequality and Economic Growth
Crossposted on New Geography There has been news and conversation about economic inequality and economic growth lately, mostly because the former is increasing steadily and the latter has been less than stellar. Of course, there is always a tension between economic growth and equality. Economic growth implies at least some inequality. That’s because most people need […]