Archive for the ‘ Taxation ’ Category

Associated Press: $400 billion price tag for California single-payer bill

 

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AP Nation / World
By JONATHAN J. COOPER
Associated Press
May 22, 2017 – 7:05 PM EDT

SACRAMENTO, Calif. (AP) — A California bill that would eliminate health insurance companies and provide government-funded health coverage for everyone in the state would cost $400 billion and require significant tax increases, legislative analysts said Monday.

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Early morning traffic makes its way along the 91 Freeway in Riverside County. A new report from a nonpartisan think tank finds that the recently passed $52.4 billion transportation funding bill, which raises the gas tax by 12 cents a gallon, isn’t a long-term solution for California’s transportation needs. (File)

By Jeff Horseman, The Press-Enterprise
Posted: 04/24/17 – 7:43 PM PDT |

A newly passed transportation funding bill that raises California’s gasoline tax by 12 cents a gallon isn’t a long-term fix for the state’s crumbling roads, according to a report released Monday by a nonprofit, nonpartisan think tank.

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The Sun: Hidden costs of gas-tax legislation: Jon Coupal

Gov. Jerry Brown speaks during a press conference regarding a landmark road repair and transportation investment package on April 4, 2017 in Riverside. (Stan Lim, The Press-Enterprise/SCNG)

By Jon Coupal
Posted: 04/21/1 – 4:11 PM PDT |

For the last three weeks this column has focused on both the policies and politics of the $5.2 billion annual transportation tax increase. In the unlikely event that some have forgotten — or were on another planet — the taxes include a substantial hike in the car tax as well as a 12 cent increase in the gas tax.

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The Sacramento Bee: Gas tax deals illegal? ‘Preposterous,’ says Jerry Brown

Capitol Alert
By Christopher Cadelago
ccadelago@sacbee.com
April 19, 2017 – 11:37 AM

Gov. Jerry Brown on Wednesday dismissed as “preposterous” suggestions that he broke the law by providing district-specific projects to lawmakers to win their support for his $52 billion road repair package with tax and fee increases.

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Assembly Speaker Anthony Rendon (D-Paramount), left, Gov. Jerry Brown and Senate President Pro Tem Kevin de León (D-Los Angeles) were the forces pushing for a new transportation funding bill. (Gary Coronado / Los Angeles Times)

Patrick McGreevy, Melanie Mason and John Myers
April 9 , 2017

In one of the biggest legislative victories of his storied political career, Gov. Jerry Brown pushed through an ambitious plan last week that will increase gas taxes and vehicle fees to raise $52 billion over the next decade for the repair of California’s system of crumbling roads, highways and bridges.

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Democratic state Senators Ricardo Lara, of Bell Gardens, left, and Richard Roth, of Riverside, confer off the Senate floor in Sacramento. By a razor-thin margin, lawmakers late Thursday, April 6 approved a $5-billion-a-year boost in California’s gas and vehicle taxes to pay for major road repairs. (Rich Pedroncelli, Associated Press)

By Jeff Horseman / Staff Writer
Published: April 7, 2017 – Updated: 11:41 a.m.

Riverside County will get $420 million for transportation infrastructure projects, and four cities will finally get their vehicle license fee revenue back, thanks to a deal struck with two Democratic lawmakers to get their votes for a massive transportation funding package.

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Capitol Alert
By Jim Miller, Christopher Cadelago and Taryn Luna
jmiller@sacbee.com
April 8, 2017 – 12:01 AM

California drivers will begin paying 12 cents per gallon more in gas taxes later this year, the first of several tax and fee hikes contained in this week’s road-funding bill that eventually will cost the average motorist about $120 a year.

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Capitol Alert
By Taryn Luna and Alexei Koseff
tluna@sacbee.com
April 6, 2017 – 7:00 PM

The state Legislature on Thursday passed a sweeping $52 billion transportation plan that will raise California gas taxes after leaders struck deals with wavering lawmakers to fund road projects in their districts.

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The Sacramento Bee: Jerry Brown’s gas tax increases still need more votes

By Dan Walters
dwalters@sacbee.com
April 3, 2017 – 3:22 PM

During Barack Obama’s presidency, Republican congressional leaders easily passed repeals of Obama’s landmark health insurance law, knowing they were DOA.

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California Gov. Jerry Brown discusses a plan to raise $52 billion to fix California roads, during a news conference Wednesday in Sacramento. The 10-year plan would boost the gasoline excise tax by 12 cents a gallon along with higher registration fees and a $100 charge on emission-free vehicles. Rich Pedroncelli (AP)

By Jeff Horseman, The Press-Enterprise
Posted: 04/03/17 – 8:25 PM PDT |

Gov. Jerry Brown is bringing his pitch for a $52 billion transportation funding plan to Riverside.

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U.S. News (AP): $52B Needed to Fix California Roads, Taxes and Fees Proposed

California’s governor and legislative leaders want to raise $52 billion to fix roads through a big increase in the gas tax.

By DON THOMPSON and SOPHIA BOLLAG, Associated Press
March 29, 2017, at 9:11 p.m.

SACRAMENTO, Calif. (AP) — California’s governor and legislative leaders on Wednesday proposed raising $52 billion to fix the state’s roads through a big gasoline tax increase, higher car registration fees and a charge on emission-free vehicles.

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Los Angeles Daily News: California’s property tax burden 10th worst in nation

California’s 0.81 percent effective rate, by WalletHub math – that’s 81 cents per $100 of assessed value – was tied for 17th lowest among the states. (Register file photo)

By Jonathan Lansner,
jlansner@scng.com
Posted: 03/12/17 – 10:17 PM PDT |

Warning: Property taxes are due April 10.

Before you search for the bill and the checkbook – and perhaps express a few choice nasty words aloud about the financial pinch – let me make you extra grumpy.

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The Sacramento Bee: A tax cut for Californians? Yes, really

Business & Real Estate
By Dale Kasler
dkasler@sacbee.com
December 30, 2016 12:13 PM

Californians are about to enjoy a rare tax cut.

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Tax Reform

California voters on Nov. 8 will consider a ballot initiative that would tax cigarettes by an additional $2 per pack. They also will weigh a separate income tax increase on some of the state’s highest earners.

Capitol Alert
By Christopher Cadelago
ccadelago@sacbee.com
September 26, 2016 – 8:00 PM

California’s likely voters solidly support a fall initiative to extend higher income taxes on top earners, while a separate proposal to boost state taxes on tobacco is clinging to a majority vote, according to a new survey released Monday.

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The Sacramento Bee: California voters will decide hundreds of tax and bond measures

Dan Walters

By Dan Walters
dwalters@sacbee.com
September 20, 2016 – 4:41 PM

We Californians cough up about $250 billion in state and local taxes each year, one of the nation’s highest tax burdens at 12-plus percent of our personal incomes.
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The Sacramento Bee: Prop. 13 still a hot topic four decades after passage

Dan Walters

By Dan Walters
dwalters@sacbee.com
September 19, 2016 – 3:21 PM

Nearly four decades after its passage, California’s Proposition 13 is still a contentious political landmark.

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Ashley Furniture

Ashley’s flagship store in downtown Shanghai. The company said it is closing its plants in San Bernardino so it can compete better globally. (Weng Lei / Imaginechina.)

Natalie Kitroeff
August 29, 2016

Southern California is losing another manufacturing stalwart.

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Taxes

Seven Inland cities are asking voters to approve tax measures; four would raise sales taxes.

By Alicia Robinson / Staff Writer
Published: Aug. 19, 2016
Updated: Aug. 21, 2016 12:24 a.m.

Several Riverside County cities are hoping to cut through the election season noise and convince residents to support tax increases to pay for police, fire and other key services.

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Logistics

California’s costly tax and regulatory policies have driven scores of businesses to leave the state, reduce their operations or curtail plans to locate here, according to a report from Spectrum Location Solutions. (Photo by John Valenzuela/The Sun)

By Kevin Smith, San Gabriel Valley Tribune
Posted: 08/09/16 – 1:54 PM PDT |

California’s costly tax and regulatory policies prompted more than 10,000 businesses to leave the state, reduce their operations or curtail plans to locate here between 2008 and 2015, according to a report from Spectrum Location Solutions.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
July 24, 2016 – 2:02 PM

  • One-percenters pay half of state income taxes
  • Temporary tax hikes didn’t spur mass exodus
  • Would extending them have different effect?

When voters passed Gov. Jerry Brown’s “temporary” tax increase in 2012, they gave California the nation’s highest marginal income tax rates, topping out at 13.3 percent.

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California

A new CNBC report ranks California as the nation’s least business-friendly state.

By Kevin Smith, San Gabriel Valley Tribune
Posted: 07/19/16 – 6:00 PM PDT |

If you think California is a tough place to do business, you’re not alone.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
July 17, 2016 – 5:00 PM

  • Property taxes will top $60 billion this year
  • San Francisco leads with 8.8 percent increase
  • Property taxes continue to outpace state levies

County property tax assessors are reporting strong upticks in taxable values for the 2016-17 fiscal year that began July 1.

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CTA

John Myers
July 14, 2016 – 4:20 P.M.

Backers of the effort to extend the lifespan of California’s tax rates on the most wealthy boosted their campaign coffers Thursday, with a $10-million contribution from the California Teachers Assn.

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Up Arrow

Capitol Alert
By Dan Walters
dwalters@sacbee.com
July 11, 2016 – 2:32 PM

  • Strong real estate market, construction add to property tax rolls
  • Taxable values estimated to hit $5.5 trillion

A strong surge in real estate transactions, new commercial and residential construction and rising housing prices should generate a $3-plus billion increase in property tax revenues for schools and local governments during the current fiscal year.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
June 20, 2016 – 4:12 PM

  • May’s auction realized just 2 percent of expected revenue
  • Analysts believe conditions bode ill for future offerings
  • Auction meltdown has placed hold on billions in spending

When California’s “cap-and-trade” auction of carbon emission allowances imploded a month ago, it clobbered ambitious plans by Capitol politicians to spend many billions of dollars.

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InlandPolitics: Inland Empire governments renewed financial worries

Budget Woes

Sunday, June 19, 2016 – 12:00 a.m.

The economy is supposed to be doing just fine. Property taxes have all but fully recovered along with real estate prices.

But Inland Empire governments are expressing caution when discussing their finances.

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The Sacramento Bee (AP): California Budget: By the numbers

California Budget

California
The Associated Press
June 15, 2016 6:44 PM

SACRAMENTO, Calif.

California lawmakers have approved a $122.5 billion budget that funds state government for 2016-17. The budget was negotiated by Democratic Gov. Jerry Brown, and the top two legislative leaders, Assembly Speaker Anthony Rendon of Paramount and Senate President Pro Tem Kevin de Leon, of Los Angeles.

Here’s a look at what’s in it, and some things that are not.

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Los Angeles Times: Jacobs Engineering plans to move jobs from Pasadena to Texas

Texas Flag + California Flag

Jacobs Engineering Group brings in $12 billion in annual revenue and employs some 64,000 people.

Natalie Kitroeff
June 6, 2016

Jacobs Engineering Group, one of the world’s largest engineering companies, is preparing to move employees from its Pasadena headquarters to Dallas, becoming the latest major corporation to relocate significant operations from California to Texas.

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The Sacramento Bee: California carbon emission auction proceeds fall short

Oops!

Capitol Alert
By Dan Walters
dwalters@sacbee.com
May 25, 2016 4:34 PM

  • State had anticipated more than $500 million from sale of allowances
  • The state will see just $10 million from latest auction
  • Shortfall could affect ambitious spending plans, including high-speed rail

Gov. Jerry Brown and the Legislature got some bad news Wednesday about plans to spend more than $3 billion in proceeds from the state’s “cap-and-trade” auction of carbon dioxide emission allowances.

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Taxes

California Elections
By Dan Walters
dwalters@sacbee.com
May 16, 2016 – 1:36 PM

  • 90 tax measures, 57 bond issues on June primary ballot
  • School bonds would total $6.2 billion if passed

California voters will face just one statewide measure on the June primary ballot, but they will pass judgment on at least 165 local government proposals, according to a compilation by government finance tracker Michael Coleman.

Read the rest of this entry »

Vote

John Myers
May 15, 2016

California voters this fall will likely wade through the longest list of state propositions since Bill Clinton was president, a sizable batch of proposed laws that is likely to spark a record amount of campaign spending.

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taxifornia

John Myers
May 11, 2016 – 2:07 P.M.

When Gov. Jerry Brown asked California voters to raise taxes in 2012 , he made clear that it was temporary, revenues needed to balance the books for only a few years.

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Jerry Brown

California Gov. Jerry Brown speaks at a gathering of political, business and community leaders at the annual California Chamber of Commerce Host Breakfast in May 2015. Brown will release his revised budget proposal next month. (Rich Pedroncelli AP)

Capitol Alert
By Jim Miller
jmiller@sacbee.com
April 27, 2016 – 2:29 PM

  • Two-fifths of taxpayers saw gains in average real income from 1995 to 2014, new data show
  • That is an improvement over 1994-2013 span, when only top-fifth had real growth
  • Average income of top 1 percent almost doubled over past 20 years

The wealthiest Californians paid nearly half of the state’s income taxes in 2014 after seeing an uptick in their average income from 2013, according to updated income distribution data compiled by the state Franchise Tax Board.

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The Sacramento Bee: California scores lowest on Moody’s fiscal ‘stress test’

Jerry Brown

Gov. Jerry Brown carries notebook paper after unveiling his proposed 2016-17 state budget at the Capitol on Jan. 7. Brown warned that the state is overdue for a recession and needs to build reserves to cushion the effects of an economic downturn. (Renée C. Byer – rbyer@sacbee.com)

Capitol Alert
By Dan Walters
dwalters@sacbee.com
April 22, 2016 – 2:51 PM

  • Texas shines in ability to absorb a recession
  • California and Illinois at the bottom

California, whose state budget is highly dependent on volatile income taxes, is the least able big state to withstand a recession, according to a “stress test” conducted by Moody’s Investor Service.

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PPIC

Capitol Alert
By Dan Walters
dwalters@sacbee.com
April 20, 2016 – 2:00 PM

  • Surtax on high-income Californians, school bonds headed for November ballot
  • Unions support tax extension, education groups and developers want bonds
  • Gov. Jerry Brown has not endorsed either, critical of bond issue

California voters are inclined to extend extra taxes on the state’s high-income residents to support public education and pass a new school construction bond issue, a poll by the Public Policy Institute of California has found.

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The Sacramento Bee: Dan Walters: California’s income tax refugees get shield

Dan Walters

By Dan Walters
dwalters@sacbee.com
April 19, 2016 – 2:04 PM

  • State has pursued inventor Gilbert Hyatt for a quarter-century
  • Nevada courts said California had harassed Hyatt
  • U.S. Supreme Court upholds Nevada’s spanking of California

There is a perpetual debate in California political circles over whether the state’s highest-in-the-nation income tax rates encourage the wealthy to take themselves and their money elsewhere.

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The Sacramento Bee: Field Poll: California voters think income taxes are too high

taxifornia

Capitol Alert
By Taryn Luna
tluna@sacbee.com
April 14, 2016 – 1:00 PM

  • Four out of five Republicans believe they pay too much income tax
  • Fifty-two percent of Democrats are OK with current tax rates
  • People who earn less than $40,000 were least likely to complain about high taxes

With the 2016 tax deadline on the horizon, it’s the time of year Californians grumble about Uncle Sam slashing their income.

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The Sacramento Bee: California soda tax bill pulled without a vote

Soda

Capitol Alert
By Jeremy B. White
jwhite@sacbee.com
April 12, 2016 – 3:27 PM

  • Latest setback for effort to limit sugary beverage consumption
  • Year after year, the campaign has met defeat in Sacramento

Elections come and go, legislative leaders rise and fall, but one constant remains in Sacramento: Soda taxes can’t get traction.

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taxifornia

Liam Dillon
April 7, 2016

Californians are spending $2 billion more at the gas pump because of the state’s carbon rules, according to the state’s independent Legislative Analyst’s Office.

Read the rest of this entry »

The San Diego Union-Tribune: Will ruling make it easier to raise taxes?

Appellate Courts

David Garrick
By David Garrick | March 23, 2016 – 8:35 p.m.

San Diego — In a decision that could have a sweeping impact across California, a new state appeals court ruling may ease approval of local tax increases if they are placed on the ballot by citizen’s initiative instead of by a government agency.

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Los Angeles Times: More expensive soda? Lawmakers want to tax sugary drinks

taxifornia

Plastic bottles of soda could become more expensive after a state lawmaker in California proposed a soda tax to pay for health programs.

Patrick McGreevy
March 8, 2016

Alarmed by an obesity epidemic, two state lawmakers on Tuesday proposed a “health impact fee” of 2 cents per ounce on sugar-sweetened sodas and other drinks sold in California.

Read the rest of this entry »

Carl's Jr.

For years, corporate offices were based in Anaheim. The headquarters relocated 13 years ago to Carpinteria. (File Photo)

By Nancy Luna, Staff Writer
March 8, 2016 – Updated 5:10 p.m.

The parent company of Carl’s Jr., founded in Anaheim 60 years ago, is relocating its California headquarters to Nashville, Tenn.

Read the rest of this entry »

The Sun: San Bernardino fire annexation, tax plan moves forward

San Bernardino Seal

By Ryan Hagen, The Sun
Posted: 03/04/16 – 8:07 PM PST |

SAN BERNARDINO >> The week that began with the City Council putting off a key vote related to fire annexation until March 21 and hinting that it might not back it after all ended with a 4-0 vote to approve the item.

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San Bernardino Seal

Wednesday, March 2, 2016 – 09:00 a.m.

It took the San Bernardino City Council long enough to figure out that a special district parcel tax, part of a plan to fund the county taking over the city’s fire department, was nothing more than a tax grab.

Read the rest of this entry »

Dan Walters

By Dan Walters
dwalters@sacbee.com
February 29, 2016 – 6:10 PM

  • Republicans provide votes for new tax on managed care organizations
  • With medical issue settled, attention turns to gas tax
  • Is there a deal on new transportation revenues?

When Republicans gained a few seats in the Legislature two years ago, they regained their power over tax increases.

Read the rest of this entry »

Jerry Brown

Gov. Jerry Brown speaks at the Capitol on Jan. 7. (Rich Pedroncelli / Associated Press)

By Melanie Mason
February 29, 2016

Culminating a prolonged, wonky debate that has consumed the Capitol for months, legislators on Monday approved a new tax on healthcare plans that would help finance the state’s public healthcare program for the poor.

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Associated Press

By Don Thompson, Associated Press
February 23, 2016

SACRAMENTO, Calif. (AP) — California’s tax board voted Tuesday to lower the state excise tax on gasoline by 2.2 cents per gallon as of July 1.

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The Sacramento Bee: Dan Walters: California GOP ready to support a new tax

Dan Walters

By Dan Walters
dwalters@sacbee.com
February 22, 2016 – 3:54 PM

  • Gov. Jerry Brown proposes tax on medical organizations
  • It would generate net gain in federal health care aid
  • Republican votes needed and likely in Assembly

Opposition to new taxes has been a bedrock stance for Republican legislators, one they can enforce because taxes require two-thirds legislative votes.

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Bloomberg: Bill Would Restrict Contributions to California SBOE Members

BOE

From Daily Tax Report

By Laura Mahoney

Feb. 9 — A California State Board of Equalization member is backing a bill to tighten monetary contributions to—or at the request of—board members with the goal of ending perceived conflicts of interest at the only elected tax board in the country.

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The Sacramento Bee: Lawmakers unveil California health plan tax proposal

Healthcare Tax

California
Jonathan Cooper, Associated Press
February 8, 2016 – 6:26 PM

SACRAMENTO, Calif. —

The California Legislature on Monday unveiled a bill imposing a new tax on health insurance plans that would prevent a massive $1.1 billion hole in the state budget.

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The Sacramento Bee: Dan Walters: Gov. Jerry Brown’s two taxes are not alike

Dan Walters

By Dan Walters
dwalters@sacbee.com
February 2, 2016 – 3:37 PM

  • California’s governor wants new taxes for health care, highways
  • Republicans oppose any new levies
  • The two proposals, however, are different

Within the Capitol – and the media that cover it – there’s a tendency to conjoin Gov. Jerry Brown’s two tax-increase proposals.

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The Sacramento Bee: Dan Walters: Gas prices drop, gas taxes also

Dan Walters

By Dan Walters
dwalters@sacbee.com
February 1, 2016 3:55 PM

  • Fuel prices drop to under $2 a gallon in some areas
  • As prices decline, gas taxes are adjusted downward
  • Meanwhile, politicians mull raising taxes for roadwork

California gasoline prices have been dropping sharply of late – below $2 a gallon in some areas.

Read the rest of this entry »

The Sacramento Bee: Dan Walters: Are California’s taxes too high or too low?

Dan Walters

Dan Walters
By Dan Walters
dwalters@sacbee.com
January 31, 2016 3:30 PM

  • State’s residents had nation’s sixth-highest tax burden in 2012
  • That was a drop from fourth a year earlier
  • Voters will decide this year whether to increase tax load

California’s state and local governments hit us with about $250 billion in taxes every year, $6,000-plus per Californian.

Read the rest of this entry »

The Sun: San Bernardino gets $148 parcel tax, fire outsourcing

San Bernardino Seal

Local Agency Formation Commission voted unanimously to move forward Wednesday with the city of San Bernardino’s proposal to annex the 137-year old San Bernardino Fire Department into Fire Protection District Service Zone FP5-5, giving responsibility for fire and emergency medical response to the county fire department.

By Ryan Hagen, The Sun
Posted: 01/27/16 – 11:09 AM PST |

SAN BERNARDINO >> A plan to outsource the city Fire Department and add a parcel tax of $148 per year took a big step forward Wednesday with the unanimous approval of the agency in charge of overseeing that process.

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Pothole

California transportation officials plan to cut funding for road and transit projects by $754 million over the next five years.

Patrick McGreevy
January 22, 2016

Faced with plummeting gasoline tax revenue, state transportation officials have announced plans to cut funding for road and transit projects by $754 million over the next five years, the greatest reduction in two decades.

Read the rest of this entry »

The Sacramento Bee: Surcharges piling up on telephone bills

taxifornia

Capitol Alert
By Jim Miller
jmiller@sacbee.com
January 22, 2016 – 5:56 PM

  • Total charges have gone from 2.78 percent at end of 2012 to 7.894 percent
  • Universal Lifeline program driving increase
  • Lifeline program expanded to wireless plans in 2014

If your monthly cellphone or landline bills seem higher these days, take a look at the state surcharges.

Read the rest of this entry »

InlandPolitics: As California gas prices slowly edge lower – a look at taxes

Gasoline Taxes 10-01-2015

(Source: American Petroleum Institute – 10/01/15)

Friday, January 22, 2016 – 09:30 a.m

Price Alert! The average price of unleaded gas in California has dropped to a whopping $2.701 per gallon, according to tracking website Gasbuddy.com.

Read the rest of this entry »

Hand Out

By Tracy Seipel
tseipel@mercurynews.com
Posted:    01/21/2016 – 12:01:48 PM PST
Updated: 01/21/2016 – 07:01:54 PM PST

California’s four largest health plans may be on the hook for $10 billion in state back taxes — and at least $1 billion every year going forward — if a closely watched legal case does not break their way.

Read the rest of this entry »

Capitol Public Radio: Change To Prop. 13 Could Be Headed For November Ballot

Capitol Public Radio

Ben Adler
Tuesday, January 19, 2016 | Sacramento, CA

California voters could be asked this fall to touch what’s been an untouchable law: the property tax initiative known as Proposition 13. A potential November ballot proposal would raise taxes on the state’s highest-value properties and spend the money on anti-poverty programs.

Read the rest of this entry »

The Sacramento Bee: Tax increase backers add reserve, per Jerry Brown demand

Capitol Alert
By David Siders
dsiders@sacbee.com
January 12, 2016 10:46 AM

  • Effort to extend Proposition 30 taxes changed to include reserve account funding

Less than a week after Gov. Jerry Brown criticized a ballot measure to extend temporary tax increases for containing the “fatal flaw” of circumventing California’s budget reserve requirements, proponents of the initiative said Tuesday that they have amended the proposal to address his complaint.

Read the rest of this entry »

The Sacramento Bee: Dan Walters: Tax issue nags Jerry Brown

Dan Walters

By Dan Walters
dwalters@sacbee.com
January 10, 2016 3:30 PM

  • Brown wrestled with complex issue four decades ago
  • State has changed corporate taxation formulas several times since
  • It’s still unsettled in Brown’s second governorship

State taxation of multistate and multinational corporations is not an issue for the fainthearted.

Read the rest of this entry »

The Sacramento Bee: Dan Walters: What sales should be tax-free?

Dan Walters

By Dan Walters
dwalters@sacbee.com
January 5, 2016 4:50 PM

  • New bill exempts feminine hygiene products
  • Should all ‘necessities’ be tax-free?
  • What about cars, homes and utilities?

As the Legislature reconvened this week, Assemblywoman Cristina Garcia quickly introduced a bill to exempt female hygiene products from sales taxes.

Read the rest of this entry »

Politico: 2,200 pages, $1.8 trillion, dead of night

U.S. Capitol

Congress released more than 2,200 pages of legislation in the dead of night. | AP

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Politico

What’s really in the year-end tax and spending bill?

By Bernie Becker
12/16/15 – 04:24 PM EST

Congress released more than 2,200 pages of legislation in the dead of night — containing $1.1 trillion in spending, about $680 billion in tax cuts and a string of other policy changes.

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Roll Call: Winners and Losers in the Omnibus and Tax Bills

Roll Call Logo

By Roll Call Staff
Posted on Dec. 16 at 10:52 a.m.

Both Democrats and Republicans won a few and lost a few in the $1.1 trillion spending bill and package of tax extensions that congressional negotiators agreed on late Tuesday.

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The Sacramento Bee: California’s taxable property passes $5 trillion

BOE

Capitol Alert
By Dan Walters
dwalters@sacbee.com
December 14, 2015

  • Property taxes should top $57 billion
  • Placer County has highest increase

The value of all taxable real estate in California has surpassed $5 trillion, according to the state Board of Equalization.

Read the rest of this entry »

The Sacramento Bee: Dan Walters: Property tax feud still rages

Dan Walters

By Dan Walters
dwalters@sacbee.com
December 8, 2015

  • Voters limited property taxes in 1978
  • Proposition 13 still controversial
  • Big change proposed for 2016 ballot

Millions of Californians will be paying billions of dollars in local government and school property taxes this week.

Read the rest of this entry »

Housing Prices

Capitol Alert
By Dan Walters
walters@sacbee.com
December 4, 2015

  • Median home prices in state are up 45 percent in four years
  • Property taxes will rise just 1.525 percent due to low inflation
  • Property taxes may be a hot political issue next year

California’s home prices have been escalating sharply as the state recovers from recession, but property taxes on those homes will rise only slightly, reports from two state agencies indicated Friday.

Read the rest of this entry »

Politico: Tax deal swelling into $800 billion blowout

Politico

By Brian Faler
12/02/15 – 05:37 PM EST

  • Budget hawks cry foul as Democratic and GOP wish lists find their way into a developing year-end bargain on tax breaks.

Congress is eyeing a year-end budget-busting tax cut blowout.

Read the rest of this entry »

The Sacramento Bee: Dan Walters: Shell game on taxes must stop

Dan Walters

By Dan Walters
dwalters@sacbee.com
December 1, 2015

  • State has levied special tax to finance Medi-Cal
  • Feds say that tax is no longer acceptable
  • Gov. Brown struggles to write a replacement

For years, the state has conducted something of a shell game to help finance Medi-Cal, its health insurance system for the poor that now covers nearly a third of Californians.

Read the rest of this entry »

Los Angeles Times: Average taxes on wireless bills in California reach a record 18%

Cell Phone

Even though smartphones have become necessities and a crucial component of the digital economy, they’re still taxed in large part as a luxury item. (Georgijevic / Getty Images/iStockphoto)

David Lazarus
November 24, 2015

The good news: Thanks to increased competition, wireless companies’ rates have dropped nearly 7% since 2008.

Read the rest of this entry »

The Sacramento Bee: Dan Walters: Wrangling over new state taxes

Dan Walters

By Dan Walters
dwalters@sacbee.com
November 22, 2015

  • California continues to see strong revenue gains
  • Jerry Brown wants to build rainy-day reserves
  • Other Democrats have spending plans in mind

As the Great Recession gripped California, state revenues plummeted by 20 percent and Capitol politicians and major stakeholders battled over which programs would take the hits.

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Sacramento-Business-Journal

Bill Hethcock, Staff Writer
Dallas Business Journal
Nov 11, 2015 – 10:05am PST

Roughly 9,000 California companies moved their headquarters or diverted projects to out-of-state locations in the last seven years, and Texas has been a prime beneficiary of the Golden State’s “hostile” business environment.

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Lou Desmond

Tuesday, November 3, 2015 – 05:00 p.m.

The Lou Desmond and Company Show is broadcasting from the Toyota of San Bernardino Recording Studios!

Estimable Economist Jay Prag joins Lou today on the show. They discuss whether or not everyone should pay taxes. If everyone is taking things from the government, shouldn’t we all be putting something in the pot?

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California Highway

Democrats and Republicans alike want to fix California’s dilapidated streets, highways and bridges, but there’s not enough support for the higher taxes that Gov. Jerry Brown wants to pay for it. (Mark Boster / Los Angeles Times)

Chris Megerian
October 18, 2015

A little more than a year ago, Gov. Jerry Brown was touting an outbreak of bipartisanship in the Capitol. Lawmakers from both parties backed crucial deals on water and state finances — “a high point in our work together,” the governor said.

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Lou Desmond

Tuesday, October 6, 2015 – 05:00 p.m.

The Lou Desmond and Company Show is broadcasting from the Toyota of San Bernardino Recording Studios!

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The Sacramento Bee: Dan Walters: Who pays California taxes and how much?

Property Taxes

Property taxes are the most stable way to fund government, and they cause less drag on gross domestic product than sales and income taxes. (Mark Shaver / New York Times)

Dan Walters

By Dan Walters
dwalters@sacbee.com
October 4, 2015

  • Californians shell out $250 billion a year in taxes
  • That’s one of nation’s highest tax burdens
  • Still, talk of tax increases continues

The political kvetching over California taxes mimics the famous porridge passage in “Goldilocks and the Three Bears.”

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The Sacramento Bee: Poll finds California tax hike support varies by subject

PPIC

Capitol Alert
By Christopher Cadelago
ccadelago@sacbee.com
September 30, 2015

  • Nearly half of likely voters want to extend Proposition 30 tax increases
  • Cigarette taxes favored by majority of voters
  • Broad support for shifting public employees to 401(k)-style plans

A new poll finds that nearly half of likely California voters favor temporarily extending Proposition 30’s sales and income tax hikes, but support falls to just 32 percent when asked if they should be made permanent.

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The Wall Street Journal: Trump Plan Cuts Taxes for Millions

Donald Trump

Donald Trump’s tax plan, set to unveiled Monday, calls for no federal income tax for individuals earning less than $25,000 and married couples earning less than $50,000.

By Monica Langley And
John D. McKinnon
Updated Sept. 28, 2015 6:18 a.m. ET

  • Middle class, businesses get break, but overseas profits would face a one-time 10% levy

Republican presidential candidate Donald Trump plans to unveil an ambitious tax plan Monday that he says would eliminate income taxes for millions of households, lower the tax rate on all businesses to 15% and change tax treatment of companies’ overseas earnings.

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Lou Desmond

Wednesday, September 23, 2015 – 05:00 p.m.

The Lou Desmond and Company Show is broadcasting from the Toyota of San Bernardino Recording Studios!

Lou is joined by Father Josiah, from St. Andrew, to discuss the canonization of Father Junípero Serra today. Should Serra be a saint, or is he a mass-murdering criminal? After that, Ken White joins the show to round up the week in law enforcement with The Good, The Bad, and The Ugly.

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Money

Capitol Alert
By Dan Walters
dwalters@sacbee.com
September 22, 2015

  • State-local spending totals nearly $449 billion
  • California numbers in line with population share

California’s state and local governments collected nearly $412 billion in taxes, fees, interest, federal grants and other payments in 2012 and spent nearly $449 billion, according to a new Census Bureau report.

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The Sacramento Bee: Another Prop. 30 income tax increase now aiming for 2016

taxifornia

Capitol Alert
By Christopher Cadelago
ccadelago@sacbee.com
September 21, 2015

  • Measure expands, makes permanent income tax increases
  • Coalition includes Hospital Association, health workers’ union

A group of health and youth advocates on Monday introduced a ballot initiative to expand and make permanent the Proposition 30 income tax increases on the state’s highest earners.

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Taxes

Capitol Alert
By Christopher Cadelago
ccadelago@sacbee.com
September 14, 2015

  • Measure would generate $7 billion to $9 billion

With California’s Proposition 30 income tax hikes expiring in 2018, a coalition of education and other groups on Monday filed an initiative for next year’s ballot to temporarily extend those taxes on some of the wealthiest residents.

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Dan Walters

By Dan Walters
dwalters@sacbee.com
September 13, 2015

  • Unions want to change Proposition 13
  • Despite rhetoric, no proposal offered
  • Proposition 30 extension complicates picture

What’s in a word? How about billions of dollars?

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Union-Democrat (AP): Democratic California governor confronts political setbacks

Jerry Brown

By Juliet Williams
Associated Press
Sep 12, 2015 – 1:32 PM EDT

SACRAMENTO, Calif. (AP) — California Gov. Jerry Brown has grown accustomed to reveling in political victories since his return to the state capital in 2011, his national luster restored by shoring up the state’s finances and the spotlight on his agenda to cut carbon emissions.

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IE Business Daily: California Government: More taxes on a shrinking Middle Class

California Taxes

IE Business Daily

September 5, 2015

In July of this year the State of California passed a total budget of $167 Billion including general fund, special funds, and bond fund expenditures. This is an all-time record funded primarily by increased revenue created by higher taxes on all Californians as well as improved revenues from wealthy taxpayers whose income actually increased.

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