LA School Strike Settlement Threatens Businesses
Looking for increased revenues to pay for the Los Angeles school strike settlement, the plan apparently is to largely target business. This will add to the perception that Los Angeles and California are not business friendly. Two types of property taxes are aimed at raising school revenue, one weighted toward business, the second aimed exclusively […]
Tax Conformity Proposals in California
As the Franchise Tax Board explains, California tax law generally conforms to the federal Internal Revenue Code (IRC). However, there are numerous differences between California and federal tax laws. The fundamental problem for taxpayers with these state and federal differences is that they are required to make adjustments to the financial figures from their federal […]
Emperor Newsom and Californians Distrust of Government
If you want an example of why a staggering 61% of Californians distrust their state government, look no farther than Governor/Emperor Gavin Newsom. In the past seven years, California voters three times voted on death penalty initiatives and made clear they want the death penalty in place and enforced. This week, in spite of the […]
Slowing Economy Could Hit State Budget
Gov. Gavin Newsom’s first budget proposal, unveiled two months ago, took a surprisingly conservative approach, given his promises of high-dollar spending during his campaign for the governorship. While he proposed token appropriations to expand health insurance for the poor and pre-kindergarten care and education, his 2019-20 budget would devote most of the state’s hefty surpluses […]