Too Soon for Taxes in State Budget

Loren Kaye
President of the California Foundation for Commerce and Education

Despite facing a June 15 deadline to pass a state budget, Governor Newsom and legislative leaders are, prudently, deferring a number of major fiscal decisions until they receive better information on the intention of Congress on state assistance and the actual level of state income tax payments that were deferred for three months. Given those […]

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Remote Voting by the Legislature should be Narrowly Framed

Loren Kaye
President of the California Foundation for Commerce and Education

Most of us have logged onto a Zoom call or Teams meeting or Facebook happy hour. But what about remote voting – by the Legislature, anyway? What would have seemed absurd in January is now under serious consideration: a proposal to enshrine in the State Constitution protocols for Senators and Assembly Members to vote on […]

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Here are 6 things the Legislature can do to help California recover from economic devastation

Loren Kaye
President of the California Foundation for Commerce and Education

The COVID-19 pandemic has devastated the California economy, especially public-facing businesses. Entertainment – including motion pictures, television, live shows and theme parks – restaurants, accommodations and retail sectors have been laid waste, evaporating thousands of jobs.  Few states depend on this sector as does California. Tourism, hospitality and retail also are the very sectors that […]

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Triskaidekaphobia

Loren Kaye
President of the California Foundation for Commerce and Education

Triskaidekaphobia: noun – fear concerning the number 13. Failure is an orphan, but in politics its authors still need a fall guy. Hence the odd notion being advanced that the statewide school bond proposal heading for defeat was injured by its ballot designation: Proposition 13.  “If it passes, it was because it was a school […]

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Can Californians afford California? How to flatten the cost curve

Loren Kaye
President of the California Foundation for Commerce and Education

Yesterday I wrote of the persistent paradox in California: a state enjoying great economic success suffering depopulation by middle class and working residents. Today I identify some of the key affordability issues and how elected officials can address them.   Housing California’s infamous housing crisis lies at the center of much of the state’s ills, from […]

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Can Californians Afford California (Part 1)

Loren Kaye
President of the California Foundation for Commerce and Education

By many important measures, California has never been better off. Our state enjoys unprecedented wealth, employment and health.  Our economy created 3.4 million jobs in the ten years since the worst of the Great Recession, a 24 percent growth spurt, driving the unemployment rate to a record low 3.9%. Our job growth has accounted for […]

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For voters, affordability concerns doom tax increase promises

Loren Kaye
President of the California Foundation for Commerce and Education

Voters are anxious about the cost of living in California. One of the not-so-surprising consequences of this anxiety: they are reluctant to embrace new taxes to pay for even popular ideas, according to a recently released CalChamber poll, The People’s Voice, 2019. Nine of ten voters agree that “earning enough to enjoy a middle class […]

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Voters anxious about public order and affordability

Loren Kaye
President of the California Foundation for Commerce and Education

California voters are anxious.  Reports of steady growth and low unemployment cheer political leaders, but voters are disturbed by decaying public order and an unaffordable cost of living, according to a recently released CalChamber poll, The People’s Voice, 2019. Top of mind for voters is the erosion of public order.  Central to that perception is […]

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Split Roll Vig

Loren Kaye
President of the California Foundation for Commerce and Education

Proponents of the split roll property tax increase surfaced a third version of their measure last month, tweaking it in hope of assuaging assessors and others responsible for making sense of the behemoth.  At the time I complained that the new version “would siphon off tens of millions of dollars to support the crushing implementation […]

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Three Time Loser

Loren Kaye
President of the California Foundation for Commerce and Education

Oops, they did it again.  Proponents have submitted a third attempt at a ballot initiative to create a “split roll,” hiking property taxes by up to $11 billion. This latest version presumably won’t restart the clock, since it amends a month-old measure already being reviewed by the Attorney General and Legislative Analyst. But the changes […]

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