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CALmatters Commentary: Business tax hike not the answer to homelessness


CALmatters Commentary: Business tax hike not the answer to homelessness
CalMatters Commentary: Peter Blocker, vice president of policy at the California Taxpayers Association.
By Peter Blocker, Special to CALmatters
California’s state government has so much money it could be constitutionally required to give taxpayers a rebate, so it’s somewhat surprising that a group of lawmakers continues to push for a multibillion-dollar tax hike on employers.
Assembly Bill 71 would impose a $2.4 billion-a-year tax increase on businesses, including a corporate income tax rate increase that equates to an 8.6% tax hike on companies doing business in this state. Other provisions would undermine a law that keeps California from taxing income earned by out-of-state businesses for activities that take place outside California – an important policy that keeps tax wars from erupting between California and our international trading partners. ....

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California's exodus problem: 5 ways officials can coax companies to stay

California's exodus problem: 5 ways officials can coax companies to stay
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