Economy

Taxes continue to pour into the state treasury, like spring snowmelt into Lake Oroville. Thanks to the engine of California’s private economy – the creativity of business leaders and productivity of employees – and the wealth it creates, Governor Gavin Newsom last week announced that revenues exceeded earlier budget...
Legislation identified by the California Chamber of Commerce as a job creator because it will minimize frivolous litigation that blocks infill housing projects won bipartisan approval from a Senate policy committee and is headed for a vote by the entire Senate. The Senate Judiciary Committee approved SB 659 (Borgeas; R-Fresno)...
The California Chamber of Commerce has released its list of Job Creator bills, calling attention to nine bills that will stimulate the economy and improve the state’s jobs climate. The 2019 job creator bill list includes the following proposed legislation: AB 23 (Burke; D-Inglewood) Workforce Coordination.  Establishes the Deputy of Business...
Legislation sponsored by the California Chamber of Commerce to help educate businesses and protect them from predatory lawsuits passed an Assembly committee last week with unanimous support. AB 1607 (Boerner Horvath; D-Encinitas) will provide notice about the Gender Tax Repeal Act to businesses when they obtain a business license. The Gender Tax Repeal Act...
Two more job killer bills failed to advance this week in the face of strong concern about their negative impacts. • The author of AB 138 (Bloom D-Santa Monica) announced he will not pursue the targeted tax on sweetened beverages this year. • SB 567 (Caballero; D-Salinas), setting a troubling precedent that would significantly...
The California Chamber of Commerce yesterday added four more bills to its Job Killer list, bringing the total number of bills to 28. The new additions to the list are: AB 345 (Muratsuchi; D-Torrance) Would eliminate thousands of high paying California jobs and require California to import even more foreign oil...
Even though California is enjoying its ninth straight year of economic growth and the state has a solid budget surplus and a brimming Rainy Day Fund, California legislators can’t seem to resist the temptation to raise taxes. This week on The Workplace, CalChamber President Allan Zaremberg and Loren Kaye,...
Today is Tax Day, so if you’re not up to your ears in forms and schedules, you’re probably breathing a sigh of relief. Just don’t get too relaxed. More than $15 billion in tax increases – mostly aimed at business taxpayers – await hearings and decisions in the Legislature. If the...
Several California Chamber of Commerce-opposed Job Killer bills are set for policy committee hearings this week. CalChamber is urging businesses to contact their legislators and urge them to oppose these bills. For the majority of the bills below, this will be their first policy committee hearing of the session. On the...
The California Chamber of Commerce yesterday released its annual Job Killer list, which includes 24 bills that would harm California’s economic growth and job creation should they become law. “These bills represent some of the worst policy proposals affecting California employers and our economy currently being considered by the Legislature,”...
The California Consumer Privacy Act (CCPA) is a sweeping privacy law that applies to businesses of all sizes across almost every industry.  Up on The Workplace podcast this week, CalChamber President Allan Zaremberg is joined by CalChamber Executive Vice President Jennifer Barrera and Policy Advocate Sarah Boot to talk...
Looking back, 2018 was clearly a solid year for the U.S. economy, with vastly more positives than negatives to reflect on. Acceleration in growth occurred almost across the board, but the greatest contributions came from government and business investment, according to a recent report by the California Chamber of Commerce Economic...
A California Chamber of Commerce-opposed-unless-amended bill that will increase costs and place regulatory burdens on businesses is scheduled to be heard in the Senate Environmental Quality Committee tomorrow. SB 43 (Allen; D-Santa Monica) increases electricity rates and cost of transport by proposing to duplicate existing climate policy with a carbon-based...
The next season of SHOWTIME’S “Penny Dreadful” will be relocating production to Los Angeles with help from the state’s film and television tax credit program—expanded by a California Chamber of Commerce job creator bill—according to the California Film Commission. The film commission announced yesterday that “Penny Dreadful” will bring high-wage...
The California Chamber of Commerce today announced its first identified job killer of 2019 -- AB 51 (Gonzalez; D-San Diego). The bill, which is scheduled for hearing on March 6 in the Assembly Labor and Employment Committee, would prohibit arbitration of labor and employment claims as a condition of employment. The...
California Chamber of Commerce policy advocate Sarah Boot will be participating in a California Consumer Privacy Act (CCPA) rulemaking workshop that is being hosted by the state Attorney General’s Office today in Sacramento. California Consumer Privacy Act At the end of the 2017–18 legislative session, California passed the CCPA, which is...
The “carbon tax” being contemplated this session would replace California’s Sales and Use Tax with a “carbon tax” based on the “carbon intensity” of specific products. Yes, you read that right – it’s basically the creation of a “carbon sales tax”: retail products sold or used in this state...
In his recently released state budget proposal, Governor Gavin Newsom made two important and supportive statements on California’s business and economic climate. First, he reinforced the need for state fiscal stability. While enjoying the benefit of more than $20 billion in surplus revenues, he chose to direct most of the...
We are in extraordinary times right now, but that is punctuated by a lot of uncertainty, California Finance Director Keely Martin Bosler commented yesterday to a luncheon audience of more than 100 business leaders at the California Chamber of Commerce. Highlights of the presentation are included in the latest...
Newsom on Thursday proposed a $144 billion general fund spending plan in his first budget, a 4 percent increase. Capital Public Radio