[Source: CNN] President Joe Biden signed a $1.2 trillion infrastructure bill into law Monday, finalizing a key part of his economic agenda. It will deliver $550 billion of new federal investments in America’s infrastructure over five years, touching everything from bridges and roads to the nation’s broadband, water and energy systems. Experts say the money Read More…
Tag: economy
Now is not the time for tax increases
[Source: CalChamber] When Governor Newsom endorsed Prop 15 in September – which voters soundly rejected in November – he specifically said “In a global, mobile economy, now is not the time for the kind of state tax increases on income we saw proposed at the end of this legislative session and I will not sign Read More…
Prop. 15 would threaten small businesses and hinder economic recovery
[Source: CalMatters] I’m not going to write about the “new normal” resulting from COVID-19. While the topic is ever-present, what dominates my time and energy is creating a predictable and positive business environment to help small businesses get back on their feet. Small businesses, particularly minority-owned small businesses, are the lifeblood of California’s economy. A Read More…
Prop 15 would be catastrophic for an already devastated economy
[Source: Lisa A. Bartlett, O.C. Board of Supervisors] Amid an unprecedented global pandemic that has had a devastating effect on our economy, and caused great financial hardship to millions of Californians, proponents of Prop 15 now want to impose even greater hardship on families and local businesses. How? By enacting the largest annual property tax Read More…
Calamities challenge California’s economic foundation
[Source: The New York Times] Businesses shuttered by the pandemic are slowly reopening, but technology complexes are quiet, their workers carrying on from home indefinitely. The smoke-filled skies had started to clear, but new fires have arrived in a fierce wildfire season that shows the intensifying effects of climate change. Now California and its $3 Read More…
Death throes for AB 5?
[Source: Fox and Hounds Daily] The exemption arrows have found their mark in the Achilles heel of AB 5, the controversial and highly contested worker classification law. On Friday, Gov. Gavin Newsom signed AB 2257 by Assemblymember Lorena Gonzalez adding many more exemptions to the law that now total over 100. Ironically, it was Gonzalez Read More…
Extremist proposals will not help California’s economy get back on its feet
[Source: Fox&Hounds] It doesn’t take long reading this site to see how our society is absorbing three crises: COVID-19, the economic meltdown and the long-overdue move for racial equality. What those crises have wrought is job loss, overriding fear, educational disruption and in some cases, overblown rhetoric. We see that rhetoric surrounding radical environmental change Read More…
California minimum-wage jump to hit virus-battered companies
[Source: Associated Press] Gov. Gavin Newsom announced Wednesday the state would keep in place a planned jump in the state’s minimum wage to $14 an hour next year for larger businesses, saying it would help hard hit lower-income workers even as many companies struggle to survive amid the coronavirus crisis. The Democratic governor had the Read More…
State should protect essential businesses from frivolous and predatory lawsuits
[Source: CalMatters] The COVID-19 pandemic has created an extremely trying situation for essential businesses, which have stepped up in amazing and heroic ways to provide the goods and services that Californians rely on daily. But as the state eases quarantine restrictions and takes steps to reopen, essential businesses face yet another devastating threat to operations Read More…