[Source: CalChamber] The Internal Revenue Service (IRS) reminds employers and other businesses of the January 31 filing deadline that now applies to filing Form W-2 wage statements and independent contractor forms. Under the Protecting Americans from Tax Hikes Act, employers are now required to file their copies of Form W-2 and Form W-3 with the Read More…
Tag: taxes
California is taxed enough without Republican tax reform
[Source: Orange County Register] The House of Representatives has passed H.R. 1, the Tax Cuts and Jobs Act of 2017, by a vote of 227-205. Now it’s up to the Senate to pass its version, then both chambers will have to reconcile the differences in their plans. There are a few things California taxpayers can Read More…
The GOP tax plan could be the death of Prop. 13
[Source: Los Angeles Times] After a shellacking at the polls on Tuesday, Republicans might not need any new reasons to abandon their unpopular tax overhaul. But here’s one more: It could lead California to finally dismantle Proposition 13, one of the state’s last remaining GOP accomplishments. The federal tax plan, introduced by House Republicans last Read More…
Small business lobby opposed to GOP tax bill
[Source: The Hill] A top small business group has come out against the Republican tax-reform bill, arguing the legislation “leaves too many small businesses behind.” “We are concerned that the pass-through provision does not help most small businesses. Small business is the engine of the economy. We believe that tax reform should provide substantial relief Read More…
First-ever water tax proposed to tackle unsafe drinking water in California
[Source: The Mercury News] For the first time Californians would pay a tax on drinking water — 95 cents per month — under legislation aimed at fixing hundreds of public water systems with unsafe tap water. Senate Bill 623, backed by a strange-bedfellows coalition of the agricultural lobby and environmental groups but opposed by water districts, Read More…
The health care issue in California and beyond
[Source: Fox & Hounds] Good move, Mr. Speaker. The single payer health care measure incorporated in Senate Bill 562 was “woefully incomplete” as Assembly Speaker Anthony Rendon declared. Rendon’s move to bury the bill in the Assembly Rules Committee was driven by both policy and political concerns. The health care improvements cannot be fixed by Read More…
Single-payer healthcare for California is, in fact, very doable
[Source: Los Angeles Times Op-Ed] The California Senate recently voted to pass a bill that would establish a single-payer healthcare system for the entire state. The proposal, called the Healthy California Act, will now be taken up by the state Assembly. The plan enjoys widespread support — a recent poll commissioned by the California Nurses Read More…
Don’t tax family businesses out of California
[Source: Fox & Hounds] Family businesses are the bedrock of our communities and the economy. A recent study showed that the state’s 1.4 million family businesses employ 7 million people. Family businesses tend to pay their employees better, train them better, and provide more generous benefits than non-family companies. We’re also less likely to significantly Read More…
CA Legislature passes Gov. Brown’s $52B plan to fix roads, hike gas taxes
[Source: KABC News/Associated Press] The California Legislature has approved Gov. Jerry Brown’s $52 billion plan to fix the state’s roads through an increase in gas taxes and other vehicle fees. The measure squeezed by in a late-night vote Thursday by the Assembly, hitting the two-thirds threshold without a single vote to spare. The governor’s 10-year Read More…