Column: California is rolling in surplus cash. But legislators want to raise taxes anyway - News Summed Up

Column: California is rolling in surplus cash. But legislators want to raise taxes anyway


Some Democrats never stop trying to raise taxes. Never mind that Californians already pay the highest state taxes in the nation. Yet, during the young legislative session lawmakers have already proposed raising taxes and fees by an unbelievable $234 billion annually, according to the California Tax Foundation. “The governor’s made clear he’s not going to raise taxes,” Myers told an economic summit sponsored by the Oakland Metropolitan Chamber of Commerce. We aren’t losing high-income people fleeing state taxes, according to the nonpartisan Public Policy Institute of California.


Source: Los Angeles Times May 10, 2021 12:02 UTC



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