Wednesday, April 26, 2017
Killing California: $155 Billion a Year in Higher Taxes & Fees Proposed in First 4 Months of Legislative Session
This week, the California Tax Foundation released the third edition of Tax Watch: Major Taxes and Fees Introduced in the California Legislature, a report cataloging all legislation introduced since the start of the legislative session in December that proposes a new or increased tax or fee.
The cumulative sum of these proposals is the highest we’ve ever identified. These proposals seek to increase the price of the most basic necessities – housing, health care, child care, groceries and driving a car. From a business perspective, these bills would make it costlier for start-ups, family businesses, neighborhood restaurants and California’s industry icons to keep their doors open.