Tag: Taxes
CalChamber Opposes Ballot Measure Lowering Voter Threshold for Housing Infrastructure Bonds
The California Chamber of Commerce Board of Directors has taken an oppose position on Proposition 5, a November ballot initiative that lowers the voting threshold for...
CalTax Files Suit Challenging State’s Retroactive Tax Increase
The California Taxpayers Association (CalTax) filed suit last month to challenge a retroactive tax increase, claiming it infringes on the rights of businesses operating...
CalChamber Tags SB 1327 (Glazer) as a Job Killer
Today, the California Chamber of Commerce added SB 1327 (Glazer; D-Contra Costa) to its 2024 Job Killer List.
SB 1327 implements a discriminatory 7.25% tax on the revenue...
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...
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...
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...
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....
Proposed California Constitutional Amendment Tips Balance Against Voters on Tax Ballot Measures
A California Chamber of Commerce-opposed bill that amends the California Constitution to limit the ability of voters to reduce taxes faces a critical vote in...
ACA 1 Would Expand Tax Burden on Californians, Increase Cost of Living
A California Chamber of Commerce-opposed bill that lowers the voter threshold for increasing taxes on property owners is scheduled to be heard this morning...
Study Shows Employers Paying Price for Strain on Unemployment Insurance System
California’s vast unemployment insurance system has been under enormous strain since 2020, and employers are paying the price.
A study in consultation with two eminent practitioners...
CalChamber Supported Bill Helps Voters, Clarifies Local Bond Measures
Californians regularly face local ballot measures proposing general obligation bonds to pay for parks, schools, and other local facilities—paid for by increasing local property...
Democrats Propose Higher Taxes on California Businesses
California Senate Democrats yesterday unveiled a proposal that would increase taxes on California businesses to compensate for budget shortfalls. If passed, certain businesses will...
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...
Despite Economic Ranking, California Has Third Worst Business Tax Climate in US
California’s global rank among economies may be 5th, 6th or even 4th, but bragging rights make little difference to the day-to-day struggles that business...
Californians Reject Prop. 30 in Latest Statewide Survey
If California’s general election were held today, the majority of California voters would reject Proposition 30, according to the latest statewide survey conducted by...
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...
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...
CalChamber Opposes Tax Increase Initiative
The California Chamber of Commerce Board of Directors has voted to oppose the California Tax on Income Above $2 Million for Zero-Emissions Vehicles and...
We’ve Reached Peak Budget
The Legislative Analyst has cried “last call” for the state budget bash.
Even as the State Legislature enjoys the prospect of spending record budget surpluses, its...
Gas Prices and the Gann Limit
Nothing shouts “cost of living” quite as loudly as gasoline prices in Los Angeles averaging $6.01 a gallon. Inflation has reached a 40-year high...