In 2016 Jerry Brown sighed a bill that would increase California’s minimum wage to $15 an hour, but when he signed this bill into law, Gov. Brown seemed to understand that the increase was a bad idea, acknowledging that “economically, minimum wages make not make sense”. Now this increase could Cost California up 400,000 jobs. […]
CalPERS currently has a $138 billion deficit in its pension plan for state and local employees. And now to try and offset this burgeoning deficit, Breitbart is reporting that California cities are starting to increase local taxes beyond what they have been traditionally allowed to tax. Click here to read the article.
This year, a 12 cent per gallon tax was passed by the California legislature to help fix California’s crumbling infrastructure. However, vocal critics like John Cox, a gubernatorial candidate, point out that this new tax revenue will go into the state’s General Fund. Cox writes in the Orange County Register that since the money is […]
CalPERS has roughly $138 billion in unfunded pension liabilities and is on the verge of collapse. Konstantinos Roditis, a vocal critic, writes in NOQ Report that CalPERS picks investments based on ideology rather than profitability. Click here to read the article.
Officials in LA county are under investigation for illegally funneling taxpayer money to fund promotional campaigns in favor of Measure H. an estimated $1 million was used by the county to promote the measure, including video advertisements, “which encourage voters to support Measure H,” according to the complaint filed by HJTA. Click here to read the […]
California’s high speed bullet train has been facing delays and cost increases and now a bipartisan effort attempted to initiate an audit of Jerry Brown’s pet project. However, The Los Angeles Times is reporting that this audit request has been turned down. Click here to read the article.
Four years ago, Jerry Brown started to offer tax credits to businesses that created new jobs; however, now close to 70% of those tax credits lay unclaimed. Brendan Pringle brings up the monstrous taxes and regulations, in the Washington Examiner, that affect small businesses that are preventing businesses from claiming these tax credits. Click here […]
Although some estimates put California’s rapidly exploding pension debt at close to $1 trillion, recently-approved legislation will put future pension negotiations under an even deeper shroud of secrecy, writes Kerry Jackson of the Pacific Justice Institute’s Center for California Reform in the OC Register. Click here to read the article.
Sacramento’s recently-approved gas tax increase has now taken effect, at a time politicians hoped it would go unnoticed, writes Senator Mike Morell in the Riverside Press Enterprise. Although gas tax boosters claim money generated by the gas tax will go to roads, Morell points out gas taxes were high before the increase, with little obvious […]
The City of Los Angeles experienced an anomaly last year when they received a 13% investment return on their portfolio and it’s causing them to overlook other budget issues. Critics, like Jack Humphreville, write in City Watch LA that if Los Angeles does not reach its anticipated rate of return on investments, unfunded pension liabilities […]