Editorial: Retroactive tax payments would punish job creators
The Franchise Tax Board’s decision to retroactively tax small-business owners who sold their companies smacks of a bureaucratic over-reach.
Read More →Editorial: Prop. 30 promises may fall short on delivery
It turns out the post-election reality is far more complicated than the pre-election promise.
Read More →Stability fund could pave way for California out of budget hole
A stability fund should be put into place to hold and recycle windfall IPO tax revenue.
Read More →Editorial: Gov. Brown’s pension moves don’t go far enough
The reforms themselves won’t fix California’s deep pension woes.
Read More →Editorial: Private sector, not train, likely to put state on track
Despite an improving economy, discontent is simmering across California this summer.
Read More →Editorial: $2.3B is too much change to find in couch
Just how “special” are California’s “special funds”? It turns out they are very special indeed. News reports during late July ripped the mask off these stealth reserves, revealing the fact that millions of dollars in cash are lying around in accounts reserved for recycling, parks and other state-operated activities. Even state organizations that have gone Read More →
Read More →Editorial: Silliness in Sacramento continues
In Sacramento, the annual budget follies continue. The Democrat-controlled Legislature and Gov. Jerry Brown can’t agree on a formula to come up with a plan for the new fiscal year. Opposition from small business groups and the Howard Jarvis Taxpayers Association dramatically increases the odds that Brown’s plan for tax hikes to close a $16 Read More →
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