Economy

Proposition 15 Defeated, Now What?

Proposition 15 was defeated by over 600,000 votes and California managed to avoid another landmine on the road to economic recovery. The initiative would...

Prop. 15 Fails: Voters Reject Largest Tax Hike in California History

Proposition 15, the largest property tax increase in California history, was declared defeated yesterday evening by a margin of more than 550,000 votes. The...

Vote No on Prop 15: 30 Newspapers Across California Reject Prop 15

In a show of force, 30 newspapers across California have urged their readers to vote no on Proposition 15, the $12.5 billion-a-year property tax...

Proposition 22 Supports California’s Economic Diversity

The election is a week away and in addition to choosing the next President, there are a number of important initiatives on the ballot...

Free Resiliency Webinars to Give Businesses Tools to Prepare for Disasters

A new pilot webinar designed to help businesses prepare for and mitigate impacts from disasters—such as wildfires, power shut-offs and COVID-19—kicks off tomorrow, October...

California’s Export Trade Resurgent in Latest Numbers

Below are excerpts from Beacon Economics’ monthly California Trade Report, which analyzes data released by the U.S. Census Bureau’s Foreign Trade Division and pinpoints...

A Not So New State Department

With the stroke of his pen, Governor Newsom morphed the Department of Business Oversight (DBO) into the Department of Financial Protection and Innovation (DFPI)...
Blueprint for a Safer Economy

New COVID-19 County Health Equity Requirement Begins Tomorrow

In an effort to reduce COVID-19 transmission across all of California’s communities, starting tomorrow, October 6, 2020, the more populous counties will need to...

“Right to Recall” Job Killer Bill Vetoed as Deadline to Act on Legislation Comes...

As the September 30 deadline to act on bills drew to a close, Governor Newsom vetoed the remaining CalChamber Job Killer. AB 3216 (Kalra)...

Governor Newsom Issues Order Setting Goal of Phasing Out Combustion Engine Vehicles by 2035

Consistent with climate announcements across the country this week, Governor Gavin Newsom issued Executive Order N-79-20 related to issues surrounding vehicular transportation emissions and...

California Aims to Phase Out New Gas-Powered Vehicles by 2035

Governor Gavin Newsom yesterday issued an executive order that directs the state to require that all new cars and passenger trucks sold within California...

CalChamber Statement on Governor’s Executive Order Phasing Out Gasoline-Powered Cars

The California Chamber of Commerce has issued the following statement in response to Governor Gavin Newsom's executive order on climate change policy, including phasing...

Ads Highlight Problems with Prop. 15 Split Roll

With just weeks remaining before the November 3 general election, the broad-based campaign opposing Proposition 15 is highlighting reasons to vote against the split...

To ‘V’ or Not to ‘V,’ That is the Question…

The COVID-19 induced recession of 2020 began with the ferocity of an unexpected tsunami smashing onto the shore—one month the economy was fine, the...

California’s Riddling Business Climate

As the clock struck midnight on August 31, one of the most unpredictable legislative sessions in California history came to a close. On the...

California’s Export Trade Resurgent in Latest Numbers

Below are excerpts from Beacon Economics’ monthly California Trade Report, which analyzes data released by the U.S. Census Bureau’s Foreign Trade Division and pinpoints...

Census Deadline Approaches

The unremitting pandemic and economic crises of 2020 have overshadowed what would normally have been a dominant event of community action: the decennial census....

Legislature Fumbles Chance to Boost Economic Recovery

The California Legislature fumbled a chance to boost economic recovery in the state by choosing the easy path: business-as-usual. Facing the three horsemen of the...

Strong Campaign Needed to Stop Proposition 15 Split Roll Tax Proposal

The California Chamber of Commerce and a coalition of business and taxpayer groups are leading a strong effort to defeat the split roll property...

Job Killer Bill Update: One Stalled, Others Moving

Legislation that will kill thousands of high-paying jobs narrowly failed to pass a Senate policy committee this week. Last week, the California Chamber of...