Job Killer Additions Increase Taxes, Labor/Employment Mandates
The California Chamber of Commerce this week added four bills to its annual list of job killer legislation. The additions bring the 2021 job killer list to a total of 22 legislative bills that would place California employers and the state’s economy in harm’s way should they become law.
The four additions to the list involve tax increases and new labor and employment law mandates and are listed below.
Tax Increases
• ACA 8 (Lee; D-San Jose) Wealth Tax: Proposes to amend the Constitution to impose a massive tax increase upon all forms of personal property or wealth, whether tangible or intangible, despite California already having the highest income tax in the country. This tax increase will drive high-income earners out of the State as well as the revenue they contribute to the General Fund.
• AB 310 (Lee; D-San Jose) Wealth Tax: Seeks to impose a massive tax increase upon all forms of personal property or wealth, whether tangible or intangible, despite California already having the highest income tax in the country. This tax increase will drive high-income earners out of the State as well as the revenue they contribute to the General Fund.
• AB 1253 (Santiago; D-Los Angeles) Massive Personal Income Tax Increase: Increases the state personal income tax rate, which is already the highest in the country, on high wage earners and sole proprietors. This tax increase will drive high-income earners out of the State as well as the revenue they contribute to the General Fund.
Labor and Employment Mandates
• AB 1192 (Kalra; D-San Jose) Public Shaming of Employers: Places new onerous administrative burdens on employers by requiring annual reporting of wage and hour data and employee benefits for an employer’s entire United States workforce that will publicly shame employers for lawful conduct by publishing that data on the Labor and Workforce Development Agency’s website, and will subject employers to frivolous litigation and settlement demands.
The full job killer list can be found at www.calchamber.com/jobkillers.