Economy

CalChamber Board Votes to Oppose Both ACA 1 and New Gubernatorial Recall Effort

At their quarterly meeting last week, the California Chamber of Commerce Board of Directors voted to oppose both ACA 1 and a recently announced...

Small Businesses Subject to New Federal Disclosure Rule – Penalty for Noncompliance

A new and little-publicized federal rule requires certain small and private companies to file ownership information or face potential penalties. The Corporate Transparency Act (CTA),...

Bill Providing Unemployment Benefits to Striking Workers Reintroduced

A bill that would provide unemployment insurance (UI) benefits for striking workers was introduced in the California Legislature yesterday by Senator Anthony Portantino. This new...

Local Tax Measures Totaling $3.9+ Billion on March Ballots

Local tax and bond measures that cumulatively would increase taxes by more than $3.9 billion will appear on March ballots up and down the...
Broken glass

Coalition Urges Lawmakers to Focus Retail Theft Policy on Prevention, Enforcement, Supervision

The California Chamber of Commerce and a coalition of business, local government and public safety organizations sent a joint letter to the Governor and...

Local Chambers of Commerce Rally for Reform of the Private Attorneys General Act

In a remarkable display of unified action, local chambers of commerce across California are taking a stand, meeting with state legislators to advocate for...

State Finance Director Projects Slow Economic Growth; No New Tax Increases Planned

California is expected to see slow but steady revenue growth in the 2024–2025 fiscal year, requiring state leaders to cover a $37.8 billion budget shortfall,...

Job Killer Bills Die Early in New Legislative Year

As the new legislative year began, several job killer bills were laid to rest again following continued strong opposition from the California Chamber of...
Loren Kaye

Governor Proposes Belt-Tightening Budget Approach with No General Tax Hikes

It’s a problem, but not a crisis. The state budget proposed by Governor Gavin Newsom would maintain the trajectory of state spending without major disruptions...
CalChamber Advocacy

CalChamber Issues Statement on Governor’s 2024 Budget Release

The California Chamber of Commerce today released the following statement in response to the Governor’s outline of funding priorities for 2024: “Governor Newsom is doing...

Job Killer Update: Wealth Tax Bill Set for Wednesday Hearing in Assembly Committee

A California Chamber of Commerce job killer bill labeled as a “wealth tax,” is scheduled to be heard in the Assembly Revenue and Taxation...
Joe-Stephenshaw

State Finance Director to Review 2024 California Budget in Jan. 17 Webinar

California Finance Director Joe Stephenshaw will be outlining Governor Gavin Newsom’s 2024 budget priorities in a free online webinar presented by the California Chamber...

Combating Organized Retail Crime: California Highway Patrol Increases Operations by Over 310%

As part of Governor Newsom’s Real Public Safety Plan, in the first 11 months of the year alone, the California Highway Patrol (CHP) —...

Fix PAGA, There’s a Better, Fairer Way for Workers

California’s Private Attorneys General Act (PAGA) is broken, ineffective and inefficient for workers and unfair for thousands of businesses. Under the lawsuit-first system, workers...

Consumer Spending, Labor Market Cool; Inflation Pattern Seems Similar to 1970s

Return Drivers in S&P 500 AI excitement has affected performance and valuation. The 7 Tech Titans have produced an average return of 88% in 2023...

California Was Just Named One of the Worst Judicial Hellholes in the Nation –...

California was named one of the worst “Judicial Hellhole®” in the country again, coming in third place, according to a new report from the...

Next California Competes Tax Credit Application Period Starts Jan. 2

The next application period for the California Competes Tax Credit (CCTC) program is opening on January 2, 2024 and will close on January 22,...

Federal Framework, Not Patchwork of State Rules, Best Way to Foster AI Potential

The California Chamber of Commerce has joined the U.S. Chamber and a large coalition of chambers of commerce across the country to promote a...

California Personal, Corporate Tax Rates Among the Highest in the Nation

California continues to have one of the worst business competitiveness climates in the country thanks to its high corporate, individual and sales tax rates....
CalChamber Poll

People’s Voice: Views on Property Tax, Health Care, Labor Law Reform

The CalChamber poll, The People’s Voice, 2023, found that California voters have grown more anxious and pessimistic about living in California. Moreover, a majority of...