Yellow Pages |   News Updates |   Local Jobs |   Hotel Reservations |   Events Calendar |   Movie Times | Recycling
Rocklin and Roseville Today Events Calendar
 

California's Tax-Cutting Legislature?




Drop by the California State Capitol at just the right moment and you might be surprised to hear liberal legislators sounding like tax-cutting conservatives.

In support of a multi-million dollar tax cut for business, one liberal lawmaker argues, "We need to send a message to New York... and other states competing for our jobs and say, 'It stops here.'"

Adds another: "We can't afford to let any more jobs abandon our state."

One more chimes in: "Right now we're getting our lunch handed to us by these other states."

You'd be right to scratch your head. For years lawmakers have voted for tax hikes and burdensome regulations that drive jobs away from our state. As a consequence, Californians pay some of the highest tax rates in the nation.

Given this grim reality, any sign that tax-and-spend lawmakers might see the error of their ways is cause for hope, if not outright celebration.

A few recent developments are encouraging:

  • In May, Governor Brown signed legislation to help boost California's economy and create more opportunity for job growth in our aerospace industry. AB 777 updates the tax code to return spaceflight vehicles to their original classification of business inventory, keeping California competitive in a budding multi-billion dollar industry.
  • In July, a new sales tax exemption for qualifying manufacturing, research and development equipment takes effect. The Governor and Legislature approved the changes last year as part of an overhaul of economic development policies. After years of losing good-paying manufacturing jobs to other states, California can finally compete with states that have offered this commonsense tax break for years.
  • The Assembly unanimously approved bipartisan legislation to expand funding for California's film tax credit. AB 1839 would increase funding for tax credits aimed at keeping production of films and TV series in California. Although the California Film Commission received 497 applications for the tax credit this year, due to limited funding only 23 projects were selected.
  • The Governor and legislators are scrambling to find incentives that might encourage Tesla Motors to locate a new factory for its electric car batteries and 6500 jobs in California. The legislative effort, embodied in SB 1309 came after Tesla founder Elon Musk called California's chances "improbable" given our state's "complex and lengthy" permitting process.

In supporting these targeted measures, Democrats are agreeing with Republicans that California tax policy directly impacts our state's ability to compete for jobs and investment. They also are finally acknowledging that California is on the losing end of this competition in at least some industries.

This admission is significant because it shows California's great weather and natural beauty are not enough to keep us competitive and ensure our state's continued growth and prosperity.

Many of the lawmakers who recognize the value of targeted tax relief often ignore the broader implications of their statements. When California loses jobs due to high taxes and regulations, the problem isn't confined to select industries.

Yet rather than craft inclusive tax policies that benefit all job creators, the Democrats in the Legislature are picking winners and losers. As a result, job creators with broad appeal, political clout or media attention get tax relief; others, like many small businesses, facing similar competitive pressures get left out.

We should want all California entrepreneurs and businesses to be successful, because their success benefits all of us. Accordingly, we must recognize that high tax rates and regulatory costs undermines economic activity we can and cannot see.

If targeted tax relief is good for jobs, wouldn't broad-based tax relief be better?


George Runner represents more than nine million Californians as a taxpayer advocate and elected member of the State Board of Equalization. For more information, visit boe.ca.gov/Runner.





Rocklin, Roseville Yellow Pages -

Automotive | Business | Community | Education | Finance | Health | Home Improvement
Pet Care | Real Estate | Restaurants | Tech | View All | * Add/Upgrade Business



Placer County News Headlines

Beth Gaines Elected to Women In Government BoardAt its 21st Annual State Directors' Conference, Assemblywoman Beth Gaines (R-Roseville) was sworn into the Women In Government 2015 Board of Directors

Suspected Ebola Patient in the Hospital A patient with symptoms consistent with Ebola infection was transferred to UC Davis Medical Center Thursday morning from Mercy General Hospital in Sacramento

Placer SPCA Announces 2015 Board of DirectorsRoseville, CA - The Placer SPCA announced the election of its 2015 Officers and the installation of two new board members.

Project for Homes Overlooking Lake Tahoe WithdrawnA project that sought to build some 112 residential homes on land overlooking Lake Tahoe has been withdrawn from the review process.

Stand Up Placer Receives $10,000 Grant from Wells FargoStand Up Placer received a generous grant award of $10,000 from Wells Fargo. Stand Up Placer is a local non-profit that provides comprehensive services to domestic violence , sexual assault, and human trafficking survivors

50 Days of the Dead: Shining StarShining Star, a song by R&B group The Manhattans was among audience favorites. This version of the JGB covering Shining Star in the fall of 1991.

Life Time Athletic Roseville: Rob Chemaly Named GMHealth and fitness industry veteran Rob Chemaly has been named General Manager of Life Time Athletic Roseville.

Roseville Liquor Store Robbed by GunmanThe Roseville Police Department is asking for the public's help identifying a man who robbed a liquor store and pepper-sprayed the clerk.

Good News for FHA BorrowersRealtor, Julie Jalone, of MagnumOne Realty in Roseville, writes about the recent lowering of the FHA mortgage insurance premiums.

United Auburn Indian Community Invests in Danny Wimmer PresentsDanny Wimmer Presents one of the largest independent producers of destination rock music festivals in the U.S., announced today that it has received a significant investment from the United Auburn Indian Community Development Corp.

Roseville Offers Up Cash for GrassThe City of Roseville is offering up for $1,000 for your grass when converting water-thirsty turf with water smart landscaping

Invented Abundance by Mollie Oblinger in RocklinThe Ridley Gallery at Sierra College presents Invented Abundance, an exhibition of sculpture in which Mollie Oblinger examines California's water issues in response to the historic drought


NEWS: In Case You Missed It


Yellow Pages - Featured

Auto

Business

Health and Fitness

Home Improvement and Services