Economy

California’s Wealthiest Residents Could Pay More Taxes Under New Bill

Multimillionaires and billionaires would face new taxes on their wealth under a bill pushed by a group of California Democrats, who argue the state...

Governor Announces Emergency Tax Relief for Businesses Impacted by Storms

Governor Gavin Newsom yesterday announced that business owners and taxpayers impacted by California’s winter storms are now eligible for emergency tax relief from late...
energy-lightbulb

California Air Resources Board Adopts Updated Scoping Plan

After conducting a series of workshops over the last year and a half, the California Air Resources Board approved an updated version of their scoping...

CalChamber Issues Statement on Governor’s Budget Proposal

California Chamber of Commerce President and CEO Jennifer Barrera today issued the following comments in response to the Governor's budget proposal: "Today, Governor Newsom’s budget...

Voters’ Unease on Crime, Homelessness Colors Views of Future

We recently reported on voters’ concerns about the economy and the state’s business climate. Based on the CalChamber poll’s findings, it is safe to...

Economic Uncertainty, Need to Improve Business Climate Top of Mind for California Voters

California voters are readying themselves to face lean economic times, and want state elected leaders to do likewise, according the latest CalChamber poll, the...

California Economy: a Soft Landing, Or a Mild Recession?

The latest UCLA Anderson Forecast for California offers two potential scenarios for California’s economy — a soft landing led by such factors as more...

California Finance Department Spokesperson Explains How State Went From Record Budget Surplus to Possible...

California is no stranger to economic booms and busts. But 2022 may be a prime example of how quickly and drastically the state's fiscal...
No On Prop 30

California Voters Reject Tax on Rich for More Electric Cars

California’s wealthiest residents won’t see a tax increase after voters rejected a measure Tuesday that would have boosted rates on incomes above $2 million...
Jennifer Barrera

Voters Should Reject Proposition 30

The California Chamber of Commerce is urging all Californians to vote NO on Proposition 30. California’s ability to compete depends on attracting and retaining...
ballot box

Vote No on Prop 30: 18 Newspapers Across California Reject Prop 30

Newspapers across California are urging their readers to vote no on Proposition 30, a November ballot measure that proposes to raise the tax on...

Governor Signs a CalChamber-Supported Bill, Vetoes 3 Opposed Bills

Governor Gavin Newsom has vetoed three California Chamber of Commerce-opposed bills and signed a supported bill this week. The Governor also signed a CalChamber job...

Federal Reserve Fights Inflation, Walks Line Between Soft Landing, Recession

The Economy The Drumbeat of a Recession Is Growing Louder, But It Is Probably Not Here Yet We are sure in an odd place, economically speaking....

Governor Vetoes 3 CalChamber Opposed Bills, Signs 8 Supported Bills

Governor Gavin Newsom has signed 8 California Chamber of Commerce-supported bills and has vetoed three opposed bills. More than 20 CalChamber priority bills and one...

CalChamber Urges Governor to Veto In-Vehicle Camera Disclosures Bill

A California Chamber of Commerce-opposed bill that would significantly hinder the ability of automakers and other technology providers to provide safety technology to consumers...

CalChamber Urges Governor to Veto LA County Tax Increase Bill

A California Chamber of Commerce-opposed bill that would increase the cost of living in Los Angeles County and hurt working families is awaiting action...
California Capitol

Job Killer Bill Stopped in Final Hours of Session; Bill to Re-License Diablo Canyon...

In the final hours of the legislative session, CalChamber advocates and a large coalition of allies were successful in stopping a last minute climate-related...
Support

CalChamber-Supported Manufacturing Tax Credit, Public Contracting Bills Head to Governor

A California Chamber of Commerce-supported bill that will expand manufacturing tax credits and another that will promote equity in public contracting passed the Legislature...

AB 257 Will Increase Prices on Consumers; Faces Key Vote in Senate

A California Chamber of Commerce-opposed bill that will increase prices at counter-service restaurants and further burden working families faces a vote in the California...
Loren Kaye

SB 1149 Would Upend Intellectual Property Rights, Expose California Companies to Piracy

California’s economic success can be credited to two often-related advantages: a skilled workforce and a culture of innovation. Our workforce has been nurtured by the...