Tag: Taxation
How ‘New Frontier’ Tax Will Hurt State Revenues
To the delight of the tax and spending lobby, Assemblymember Alex Lee (D-San Jose) has again introduced a tax on wealth. Inspired by government...
Job Killer Bills Seek Massive Tax Increase
Once again, pending legislation seeks to impose a massive tax increase upon all forms of personal property or wealth despite California having the highest...
Don’t Treat California as a ‘Luxury Good’
The Golden State has enjoyed as much prosperity and created as much wealth as any society on the planet.
Its economic output rivals Germany and...
Predictable Tax Structure Essential for Economic Stability
A tax system that allows employers to plan for the future is a key to a solid business environment, the California Chamber of Commerce...
Federal Inflation Reduction Bill: Impact on California
Given its size and economic diversity, California will both enjoy and suffer some major effects of the Inflation Reduction Act — approved Saturday by...
Film Tax and Manufacturing Tax Credit Bills Continue On
CalChamber recently released its eighth semi-annual California Chamber of Commerce Poll and the results were clear- two-thirds of voters believe the country is headed down the...
State Legislation Could Make Gas Prices Even Higher
State lawmakers wrapped up their lawmaking business last week and commenced with the Legislature’s annual spring recess. While the state’s legislators are on break...
California Film & TV Tax Credit Program Generates $21.9B in Economic Output, 110,000 Jobs...
California’s Film and Television Tax Credit Program contributed almost $21.9 billion in economic output over five years and supported more than 110,000 total jobs...
Another Surplus and Another Wealth Tax
Governor Newsom’s January Budget proposal forecasted another historic surplus estimated to be approximately $45 billion. As 2022 marches on, that surplus continues to grow....
Policy Briefing – How the Research & Development Tax Credit Drives California’s Economy
Moderated by Preston Young, CalChamber policy advocate.
Matt Horton and Aaron Melaas from the Milken Institute on How the Research & Development Tax Credit Drives California’s...
Second Year of Legislative Session Off to a Fast Start
Both houses of the State Legislature recently wrapped up their work on 2-year bills that had a January 31st deadline to pass their house...
CalChamber-Led Effort Results in Small Business COVID-19 Relief
An effort led by the California Chamber of Commerce with the support of a large coalition of allied groups has resulted in passage of...
California Should Reinstate Suspended Tax Credits with Another Historic Budget Surplus Coming
It’s hard to believe, but a little more than a year-and-a-half ago California’s financial prognosticators thought the state was barreling into a $54 billion...
CalChamber, Coalition Urge Congress to Reject Tax Increases on Businesses to Pay for Reconciliation...
A coalition of business groups, including the California Chamber of Commerce, is urging the California Congressional Delegation to reject proposals in Congress to increase...
State Board of Equalization Holding Taxpayers’ Bill of Rights Hearing on August 24
On August 24, 2021, the State Board of Equalization (BOE) will hold the Taxpayers’ Bill of Rights Hearing virtually, starting at 10:00 a.m. According...
It’s Time to End 2020’s Emergency Tax Increases
In 2020 California passed a budget that reflected dire financial circumstances. A raging pandemic and shuttered economy led politicians and pundits to believe...
Clock Is Ticking On Legislative Action to Avert Employer Tax Increase
Like the rest of California society, employers are cautiously hopeful the worst of the pandemic has passed. The wreckage of human life, family health,...
Uncertainty Hurts R&D Investment That’s Key to State Competitiveness
California’s innovation-based economy pays economic dividends not only in our traditional technology hubs, but in every region of the state and in a wide...
CalChamber Commends Governor, Legislature for Providing Small Business Relief
The California Chamber of Commerce yesterday welcomed news that Governor Gavin Newsom signed into law a measure that will bring California into partial conformity...
CalChamber Commends Governor, Legislature for Providing Small Business Relief
The California Chamber of Commerce today issued the following statement in response to Governor Gavin Newsom's signature on AB 80 (Burke; D-Inglewood), a measure...