Reuters - California Governor Jerry Brown said on Thursday he has bipartisan backing in the state Assembly for a plan to rewrite a corporate tax law to raise roughly $1 billion a year that would be put toward tax incentives intended to spur job growth.
SACRAMENTO, Calif. (Reuters) - A plan to raise California's minimum wage to $15 an hour by 2022 cleared its first legislative hurdle on Wednesday, putting the state on track to become the first in the nation to commit to such a large pay hike for the working poor.
The measure, incorporating a deal Governor Jerry Brown reached with labor leaders and fellow Democrats in the Legislature, was approved on a party-line vote of 12-7 by the Assembly Appropriations Committee, where a previous version of the bill had stalled last summer.
California, like Greece is perpetually in fiscal trouble. Overoptimistic revenue forecasts coupled with spending $2 billion more than expected has California in a deep hole. Governor Jerry Brown has the same non-solution as ever, hike taxes.
Brown wants a "temporary" (as in seven years) tax hike. Given we all know there are no such things as temporary tax hikes in California (seven years is permanent enough in the first place), and also given the California school budget needs an axe, the I say let him.
Tax revenues for the state of California have come in nearly a billion dollars below projections, which is causing Governor Jerry Brown to amend his $171 billion spending plan that was just proposed in January.
SACRAMENTO, Calif. (AP) — With little time and deep-pocketed opposition from oil interests, Gov. Jerry Brown and legislative Democrats were forced on Wednesday to retreat from their ambitious proposal to address climate change by dropping a key mandate to cut California's petroleum use by 50 percent.
President Barack Obama, prodding Congress to consider fresh economic proposals after two years of gridlock, called for restructuring business taxes so long as the initial revenue generated goes toward job creation.
In a speech today in Chattanooga, Tennessee, Obama said that years of budget fights have diverted attention from the need to help middle-income Americans recover from the recession.
On Tuesday voters in California went the wrong way on three propositions.
Voters approved Proposition 30 "temporarily" increasing the state sales tax and income tax on individuals making over $250,000.
They voted against Proposition 31 that would allow the governor to cut the budget in fiscal emergencies.
They voted against Proposition 32 would prevent unions from making campaign donations via members' dues.
Apparently Trump's recent letter to the Energy Department, which included very pointed questions about climate change research, and/or his appointment of former Texas Governor Rick Perry to lead that department going forward (a department that Perry proposed shutting down back in 2012 for those who may have forgotten), "triggered" California's head snowflake, Governor Jerry Brown, into an epic climate change rant before a gathering of scientists at the American Geophysical Union's nati
THE CALIFORNIAN One Friday morning this spring, I drove to Washington’s Dulles airport at dawn, to catch the first nonstop flight to San Francisco. When I got off the plane six hours later, the morning sun still slanting through the terminal windows, my cellphone began ringing practically as soon as I turned it on.