Tuesday, May 24, 2022
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Bill Proposes New Tax Despite Huge State Surplus

Governor Gavin Newsom’s January budget proposal forecasted another historic surplus estimated to be approximately $45 billion. As 2022 marches on, that surplus continues to...

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...

State Leaders Should Use Budget Surplus to Restore Tax Incentives, Repay UI Debt

Only 18 months ago, expecting a massive pandemic-induced collapse of economic activity, California finance officials predicted a staggering $54 billion state budget deficit. The...

Unemployment Fund Insolvency Will Lead to Payroll Tax Increases

With the legislative frenzy complete for the year, Sacramento’s policymakers are turning their eyes toward next year’s budget and their next round of legislative...

Legislative Action Can Avert Tax Hike on State Employers

Like the rest of California society, employers are cautiously hopeful the worst of the pandemic has passed. The wreckage of human life, family health,...

Business Groups Urge: Restore Tax Credits, Net Operating Loss Deduction

The California Chamber of Commerce and a coalition of business groups are urging state legislators to restore the net operating loss deduction and business...

State Must Act Now to Pay Down Unemployment Insurance Debt

This pandemic created unprecedented unemployment, which was not only devastating to thousands of Californians and their families, but also drained the state’s unemployment insurance...

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...

Governor’s Recovery Plan Includes Stimulus Checks, Rent Relief

Governor Gavin Newsom began the week by announcing a plan to provide financial relief to millions of Californians. The plan includes Golden State Stimulus payments...

CalChamber Commends Governor, Legislature for Providing Small Business Relief

The California Chamber of Commerce welcomed news last week that Governor Gavin Newsom signed into law a measure that will bring California into partial...

Job Killer Additions Increase Taxes, Labor/Employment Mandates

The California Chamber of Commerce this week added four bills to its annual list of job killer legislation. The additions bring the 2021 job...

Rising Payroll Taxes Coming to Shore Up California’s Pandemic-Depleted UI Fund

As the 2021 crop of legislation is coming into form and moving through legislative committees addressing a range of topics, one topic is conspicuously...

Legislators Urge End to Business Tax Increase

A bipartisan group of 25 California legislators led by Assemblymember Evan Low (D-Campbell) is urging Assembly Budget leadership to immediately end a tax increase...

Just-Signed Bills Offer Relief from Pandemic Hardship

Governor Gavin Newsom signed legislation this week to provide relief to Californians experiencing pandemic hardship. Included in the package were bills to allocate another $2.1...

Voters Reject Largest Tax Hike in California History

Proposition 15, the largest property tax increase in California history, was declared defeated the evening of November 11 by a margin of more than...

Days Remain to Stop Split Roll Tax Hike

With just days to go before the November 3 election, the No on Prop 15 campaign continues to highlight the problems the split roll...

Ads Highlight Problems with Prop. 15 Split Roll

With just weeks remaining before the November 3 general election, the broad-based campaign opposing Proposition 15 is highlighting reasons to vote against the split...