Petitions Give Voice to Main Street on Illegal Cap-And-Trade Tax
The Brown Administration’s hidden energy tax is being imposed on struggling small businesses and all Californians by an unelected body via a complicated and obscure process. It would be considered by some a snoozer of an issue if the implications of this $30 billion tax weren’t so severe: the potential for $6-a-gallon gasoline and higher […]
Support for AB 32 Does Not Mean Support for Higher Energy Costs!
Folks at the California Air Resources Board (CARB) are fond of saying that with the defeat of Prop. 23 a few years ago voters made it clear they supported the agency’s plan for implementation of AB 32, the state’s global warming law. Under that presumption, CARB has charged full speed ahead with the development of […]
Small Biz Victory: Assembly Bill 1678 (Monning) Shelved
With all the critical issues that California is currently facing – rising unemployment, burdensome regulations and the threat of increased taxes – you would think our elected leaders would be focused on trying to get our state out of the quagmire it is in. But sadly, they are once again in the weeds, trying to […]
Main Street Menace of the Week: Senate Bill 969 (Vargas), Not Businessman’s Best Friend
While the legislature is in session, the National Federation of Independent Business/California will be profiling anti-small business bills and initiatives and the adverse effect they would have on California’s job creators. This is the second column of the 2012 series. Welcome to California, the land of fruits, nuts and over-regulation. In this state, we regulate […]
Main Street Menace of the Week: Governor Brown’s Tax Proposal
While the legislature is in session, the National Federation of Independent Business/California will be profiling anti-small business bills and initiatives and the adverse effect they would have on California’s job creators. This is the first column of the 2012 series. Each year when March rolls around, I hold my breath, hoping that the Governor and […]
NFIB/CA Member Ballot Results – State Business Owners Favor Spending Cap
Each year, the National Federation of Independent Business, California polls its members on state and national issues vital to their survival as entrepreneurs. The results of this year’s poll were released Tuesday, and not much was a surprise. Based on the results, it’s not surprising how impassioned mom and pop businesses on Main Street are […]
Uncertain Times on Main Street Don’t Call for More Taxes
Ask any “mom and pop” small business owner how they’re feeling on Main Street California these days, and they’re most likely to give you the same answer: “Uncertain and scared.” And with good reason. California’s elected leaders continue to heap new taxes upon our leading job creators – and without one solitary reform to fix […]
Small Business Wish List for 2012 – Is a “Happy New Year” Ahead for Small Business?
“I’m dreaming…of a …White Christmas…just like the ones we used to know.” by Irving Berlin So goes the well-known holiday carol that Bing Crosby croons this time of year. Small businesses certainly have things that they are dreaming of – increased business, expanding their workforce, building their customer base and supporting their communities. The question […]
Small Businesses Hurt By California’s Lawsuit-Friendly Legal Climate
It isn’t easy being a small business owner in California with excessive regulations, the threat of higher taxes, and a lengthening recession. It’s no wonder most never know from one day to the next if they will be able to keep their employees on board and their doors open. Perhaps one of the worst challenges […]
Main Street Tax Cut Comes at the Right Time
Yesterday the Governor and a bipartisan coalition of
legislative leaders announced an agreement on the Governor’s jobs plan. The
agreement closes a tax loophole on out-of-state corporations and provides real
tax relief to small businesses in California.
Specifically, the measure will provide $1 billion in permanent income tax
relief for small business owners by cutting personal income tax, the business
tax and the minimum tax. The bill also provides a permanent sales tax reduction
on manufacturing goods for all industries. The tax relief comes from closing a
tax loophole that allows out-of-state corporations to elect their tax code and
rewards keeping jobs in other states. The loophole is a perverse piece of
policy.
The revenue-neutral proposal passed the Assembly and will be taken up by the
Senate today. It is critically important that Republican and Democrat lawmakers
come together and pass this badly-needed tax reform without delay.