Should oil refineries in California be allowed to emit extra greenhouse gases if they “offset” their effects by paying hog farmers in Iowa to reduce methane from animal waste? Or by paying landowners to promise to take better care of their trees? In other words, should offset trading based on...
Opinion: Tax Hike on Employers Isn’t Necessary as State Enjoys Revenue Windfall
California’s state government has so much money it could be constitutionally required to give taxpayers a rebate, so it’s somewhat surprising that a group of lawmakers continues to push for a multibillion-dollar tax hike on employers. Assembly Bill 71 would impose a $2.4 billion-a-year tax increase on businesses, including a corporate income...
Walters: Even More Confusion Over Tax Vote
Throughout California, local government and school officials have been stunned by voters’ reluctance this month to approve new taxes and bonds. The California Taxpayers Association has reported that more than half of the local measures appeared to fail on March 3, although some may squeak through when all votes are...
Had Enough? California Voters Reject Higher Taxes, Debt
Everyone knows that living in the Golden State comes with a price: Residents pay some of the nation’s highest taxes on the money they earn, the gas they pump and the clothes they wear. But for the moment, at least, it appears voters have had enough. The defeat on Super...