Going for Broke Chasing a Tax Gusher
In this time of Covid-19, public sector unions see an opportunity for a tax gusher. The Proposition 15 property tax increase measure funded largely by public unions could raise $12.5 billion. Assembly Bill 1253, introduced this week by fifteen Democratic legislators and encouraged by the public sector unions, is projected to raise $6.8 billion by […]
CalPERS, Corruption And Cronyism
The California Public Employees’ Retirement System, which has a history of making poor choices, plans to become a lending institution. A healthy pension fund wouldn’t be making such a risky decision. Still hurting from $100 billion in losses from the Great Recession, CalPERS was bruised again by the coronavirus pandemic. Now, funded at only 71%, […]
Governor’s Decision on Minimum Wage Another Blow to Small Business
The California Business Roundtable supported increased funding for the CalEITC funding last year and our research on upward economic mobility shows it is a critical anti-poverty tool. But programs like the EITC are only effective when people are at work. Due to the governor’s decision to allow for the minimum wage increase, despite the state […]
High Speed Rail: Yesterday’s Tech Tomorrow
One of the candidates for president in this November’s election is known by the nickname, “Amtrak Joe.” The Democratic-controlled House wants to triple federal funding for intercity passenger trains. A member of Congress from Massachusetts has proposed spending $205 billion on high-speed rail. Click to download a five-page PDF of this policy brief. Given the […]