The termination of two Federal programs will cause an increase in rates for California’s Obamacare exchange, Covered California, reports Health Leaders Media. These programs, known as the Transitional Reinsurance Program and the Risk Corridors Program, are expected to sunset next year. Click here to read the article.
This June, Bay Area voters will find billions in school construction bonds on their ballots, but the summaries provided will omit mention of the property tax hikes involved in the proposal, writes Daniel Borenstein in the East Bay Times. While officials note they are not required to mention the tax increases involved, critics contend their […]
California’s high speed train is four years behind schedule and faces a $43.5 billion budget shortfall, writes HotAir.com. The ballooning cost is now 35 times the annual federal subsidy for Amtrak, and officials are unclear about where the funds will come from. Click here to read the article.
The State Senate voted to lift ban on accepting lobbyist campaign money just as many lobbyists have bills under consideration, writes the Los Angeles Daily News. The decision to allow legislators to accept lobbyist money at a key decision time raises new questions about ethics in the Capitol. Click here to read the article.
A recent survey of 513 CEO’s across the country, conducted by CEO Magazine, again ranked California worst to do business. Business leaders cited high taxes and stifling regulations as key factors making the state inhospitable. Click here to read the article.
A recent analysis by the National Association of Home Builders estimates government regulations add an average of $84,671 to the cost of new homes, reports the Washington Free Beacon. These costs are imposed by many layers of government and may increase as additional planned regulations take effect. Click here to read the article.
Legislation that would have required government employee unions to disclose spending details online was recently defeated in committee, reports Fox News. The legislation by Assemblywoman Shannon Grove was prompted by complaints from union members over a lack of transparency and accountability in the powerful Service Employees International Union, or SEIU. Click here to read the […]
A recently released survey by the Los Angeles Business Federation, or BizFed, reveals burdensome taxes and regulations and poor transportation are main challenges for local companies, reports the Los Angeles Daily News. The majority of businesses surveyed do not expect job growth in the upcoming year and 64 percent say Obamacare is harming their business. […]
A recent report from the Legislative Analyst’s Office reveals Californians pay over $2 billion a year in hidden gas taxes, writes Senator Patricia Bates in the San Diego Union Tribune. The tax is hidden because it is imposed on fuel producers before being passed on to consumers, where it is not disclosed at the pump. […]
In real life terms, the work you have done and the money you’ve earned from January through February this year is about what you will be paying for your federal tax obligations, writes Michelle Steele in The Orange County Register. The work you have done in March will basically go toward paying your social security and Medicare […]