Articles Tagged: "Tax Increase"
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Tax Increase
NEWS: What business owners hate about California
August 15, 2010OC Register piece on the negative impact of California's ever increasing taxes and stricter regulations on small businesses.
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OPINION: Taxing Our Way Toward Collapse
July 20, 2010Assemblyman Dan Logue breaks down the proposed tax increases by State Democrats and offers his insight to what they mean for the future of California.
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NEWS: Six Months to Go Until The Largest Tax Hikes in History
July 8, 2010Americans for Tax Reform site lists the expected tax increases resulting from the expiration of 2001 and 2003 Tax Relief act, as well as new taxes set in place by the passage of "Obamacare."
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ARTICLE: Sneaky Gas Tax Scheme Could Raise Prices at the Pump
March 5, 2010The California Legislature has approved a complex plan to eliminate the current 6 percent sales tax on gas and replace it with a 17.3 cent per gallon excise tax. This manuever will not raise prices at the pumps now, but the new formula could sock motorists with higher taxes as the price of oil itself fluctuates. Opposition leaders denounced the proposal as a tax increase disguised to avoid Prop. 13's two thirds vote requirement.
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REPORT: California Energy Costs Now Among Highest in Nation
March 5, 2010California jumped to 45th highest in energy costs (where 51st is worst) in 2010. The state government estimates moving forward with implementation of the AB 32 energy tax will result in another 14% increase in energy prices. With unemployment at record highs, Californians may want to consider suspending any efforts to raise energy prices further.
Click Here to read the report.
ARTICLE: Fiscal Storm Brewing in Los Angeles
February 16, 2010While the weather in L.A. is usually sunny, Reuters News has a stormy forecast for Mayor Villaraigosa. With a $212 million budget shortfall, falling property taxes and 15% unemployment, the mayor is poised to become a lightning rod for city employee unions, who staunchly oppose layoffs and pay cuts for their members.
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ARTICLE: A "Bah Humbug" With Holiday Tax Increases
November 6, 2009World Mag quotes HJTA president Jon Coupal in their coverage of California's 10% increase in income tax withholdings. Just as predicted, the May budget "solution" was really just kicking the deficit down the road, leaving the burden eventually to fall on the shoulders of already overburdened taxpayers. CA legislature's financial negligence strikes again.
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(PR) State of California to Take Additional 10% Tax Out of Paycheck
November 3, 2009Paycheck Income Tax Withholding Increases 10% in November and December, due to Budget Deal last May
Sacramento -- Just in time for the holidays, the State of California will once again dip into the wallets of taxpayers in California.
As part of the budget deal negotiated last May, Californians will see an additional 10% in income tax withheld from their paychecks in November and December. Read more >>
ARTICLE: New Bill Could Expand CRV Charge
September 29, 2009HJTA president Jon Coupal is quoted on ABC7 news regarding the new bill that could double the CRV charge to bottles and cans. Though California already has a relatively high recycle rate, lawmakers have submitted this bill to add an extra $300 million to the CRV fund. As Coupal states, this bill looks and acts like a tax.
Click Here to read the article.
ARTICLE: State Eyeing Your Wallet Again
September 1, 2009The OC Register reports on the new tax increases that face the already over-taxed Californians. Estimates from the Franchise Tax Board show some income taxes rising by up to 22%. It is now more important than ever to tell legislators that these new taxes are unacceptable.
Click Here to read the article. Read more >>
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