Activists, Unions Take Aim at Governor Brown’s Budget Grip
California Governor Jerry Brown has been known to rule the state’s budget with a tough grip. Not much has passed or been voted down without him having a hand in the decision. The governor has fought for tax hikes, put the kybosh on new programs that call for more spending and worked tirelessly on building up the state’s rainy day fund. However, someone might have finally cracked the fortress.
Thanks to some new efforts by activists and unions who want tax reform and additional funding in the state, the governor may have to let go of his grip, at least just a hair. That’s because several different attempts from various sources are pushing the governor for various different reasons. For example, the reasons for these new proposals include getting more funding, building a shield against another recession and pushing a political agenda.
One proposal would extend the higher taxes that Gov. Brown himself campaigned for in 2012. Another proposal would change California’s landmark restrictions on property taxes, which could help increase money from commercial interests. Still, another proposal is calling for an oil extraction tax and yet another possible plan would be to increase the cigarette tax levy.
Meanwhile, although the governor has yet to publicly respond to these proposals he has stated before that he does not favor extending Proposition 30, which increased levies on the highest earners and raised the sales tax by a quarter-cent. Brown does not want lower and middle class families to end up paying more in taxes in an effort to stabilize revenue collection.
Trump Proposes to Cut Payroll Taxes to 0%
This week, President Trump pitched cutting the payroll tax to 0% for both employees and employers through the end of the year. There’s also some discussion of making the change permanent. The intent of the cut is to stimulate the economy in the wake of the corona virus outbreak and oil price war. What does…
House Committee Hearing on Wayfair Tax Compliance
House Committee Hearing on Wayfair Tax Compliance…
Save Up To 100% Tax With QSBS (Qualified Small Business Stock)
In December 2015, the Protecting Americans from Tax Hikes Act of 2015 (“PATH Act”) was passed by Congress and signed
Cryptocurrency, Tax Exempt Organization Applications & Independent Contractor Rules
A Discussion on Virtual Game Currencies, Tax Exem…