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Reparations: A Financially Unrealistic Proposal That Will Bankrupt California

Reparations: A Financially Unrealistic Proposal That Will Bankrupt California Wayne Winegarden February 2024 With the introduction of its first set of reparations bills, the California legislature is officially considering the recommendations of the California Reparations Report from the state Reparations Task Force.1 Given these introductions, it is imperative to understand ...
Business & Economics

Jennifer Burns – Milton Friedman: The Last Conservative

Our guest this week is Stanford University historian Jennifer Burns. Professor Burns has just published her new book “Milton Friedman: The Last Conservative.” Milton Friedman was a tremendous supporter of PRI and our work, giving lectures and attending many events. We invited Prof. Burns, who specializes in U.S. twentieth century ...
Blog

New Sac tax could impose huge burden on entrepreneurs

400 Percent Tax Increase on Entrepreneurs Won’t Generate the Millions Sacramento Seeks

California’s reputation as being one of the most difficult and expensive places to own and operate a business and create jobs has been long established. Year after year, California ranks at the bottom in Chief Executive magazine’s listing of the best and worst states for business. Even in a tough ...
Business & Economics

Read the latest on the federal PRO Act

California’s War On Gig Work Is About To Devastate The Rest Of The Country

Like wreckage following a tornado, California’s effort to eliminate gig work trailed Julie Su as she failed upward from the state’s Labor and Workforce Development Agency secretary to Washington, where she’s the acting labor secretary. In her previous capacity, Su was a hardline supporter of California’s Assembly Bill 5, which ...
Business & Economics

Roger Simon – American Refugee

Roger Simon wrote novels and screenplays before co-founding and becoming CEO of the pioneering blog aggregation and news and opinion website PJ Media (formerly Pajamas Media) in 2005. He’s best known for the Moses Wine detective series, which have won prizes from the Mystery Writers of America and the Crime ...
Business & Economics

Nippon Steel’s Purchase Of U.S. Steel Will Improve The Economy

There has been a rare showing of bipartisanship over the past month; unfortunately, the consensus is founded on economic myths that, if acted upon, would cost jobs, increase inflationary pressures, and weaken economic growth. At issue is Nippon Steel’s offer to purchase U.S. Steel for $14.9 billion – a surprisingly ...
Business & Economics

Jeff Anderson – Kicking off the Election Cycle

  Our guest this week is Jeff Anderson, president of the American Main Street Initiative, which publishes political and public policy research by scholars and writers.  Jeff has held many prominent positions in presidential administrations, including director of the Bureau of Justice Statistics at the Justice Department.  Jeff was also ...
Business & Economics

Read how California's AB 5 is going national

War on Gig Workers Goes National

Much of the resistance to Julie Su’s nomination as secretary of the Department of Labor has been based on her record as California’s labor commissioner—in particular, her role in the state’s effort to outlaw gig work. Her patrons have deflected the criticism as if it were baseless. But almost a year ...
Business & Economics

Wayne Winegarden calls Newsom’s budget proposal a “bunch of budget gimmicks” in The Center Square

California proposes mere $8.5 billion spending cut against $68 billion deficit By Kenneth Schrupp “[The governor’s plan] seems to be a combination of some spending cuts and a bunch of budget gimmicks,” said Pacific Research Institute Senior Fellow for Business and Economics Wayne Winegarden in an interview with The Center ...
Business & Economics

Read an analysis of the 2024-25 CA proposed budget

Gov. Newsom’s proposed budget fails the moment

Governor Gavin Newsom is wrong. His proposed budget is not “resilient;” it demonstrates an inability to learn the lessons from California’s volatile budget history. The crippling deficit is merely one manifestation of the broader crisis. Newsom estimates a $37.9 billion deficit, about one-half of the nonpartisan Legislative Analyst Office’s (LAO) ...
Blog

Spending Watch

Reparations: A Financially Unrealistic Proposal That Will Bankrupt California

Reparations: A Financially Unrealistic Proposal That Will Bankrupt California Wayne Winegarden February 2024 With the introduction of its first set of reparations bills, the California legislature is officially considering the recommendations of the California Reparations Report from the state Reparations Task Force.1 Given these introductions, it is imperative to understand ...
Business & Economics

Jennifer Burns – Milton Friedman: The Last Conservative

Our guest this week is Stanford University historian Jennifer Burns. Professor Burns has just published her new book “Milton Friedman: The Last Conservative.” Milton Friedman was a tremendous supporter of PRI and our work, giving lectures and attending many events. We invited Prof. Burns, who specializes in U.S. twentieth century ...
Blog

New Sac tax could impose huge burden on entrepreneurs

400 Percent Tax Increase on Entrepreneurs Won’t Generate the Millions Sacramento Seeks

California’s reputation as being one of the most difficult and expensive places to own and operate a business and create jobs has been long established. Year after year, California ranks at the bottom in Chief Executive magazine’s listing of the best and worst states for business. Even in a tough ...
Business & Economics

Read the latest on the federal PRO Act

California’s War On Gig Work Is About To Devastate The Rest Of The Country

Like wreckage following a tornado, California’s effort to eliminate gig work trailed Julie Su as she failed upward from the state’s Labor and Workforce Development Agency secretary to Washington, where she’s the acting labor secretary. In her previous capacity, Su was a hardline supporter of California’s Assembly Bill 5, which ...
Business & Economics

Roger Simon – American Refugee

Roger Simon wrote novels and screenplays before co-founding and becoming CEO of the pioneering blog aggregation and news and opinion website PJ Media (formerly Pajamas Media) in 2005. He’s best known for the Moses Wine detective series, which have won prizes from the Mystery Writers of America and the Crime ...
Business & Economics

Nippon Steel’s Purchase Of U.S. Steel Will Improve The Economy

There has been a rare showing of bipartisanship over the past month; unfortunately, the consensus is founded on economic myths that, if acted upon, would cost jobs, increase inflationary pressures, and weaken economic growth. At issue is Nippon Steel’s offer to purchase U.S. Steel for $14.9 billion – a surprisingly ...
Business & Economics

Jeff Anderson – Kicking off the Election Cycle

  Our guest this week is Jeff Anderson, president of the American Main Street Initiative, which publishes political and public policy research by scholars and writers.  Jeff has held many prominent positions in presidential administrations, including director of the Bureau of Justice Statistics at the Justice Department.  Jeff was also ...
Business & Economics

Read how California's AB 5 is going national

War on Gig Workers Goes National

Much of the resistance to Julie Su’s nomination as secretary of the Department of Labor has been based on her record as California’s labor commissioner—in particular, her role in the state’s effort to outlaw gig work. Her patrons have deflected the criticism as if it were baseless. But almost a year ...
Business & Economics

Wayne Winegarden calls Newsom’s budget proposal a “bunch of budget gimmicks” in The Center Square

California proposes mere $8.5 billion spending cut against $68 billion deficit By Kenneth Schrupp “[The governor’s plan] seems to be a combination of some spending cuts and a bunch of budget gimmicks,” said Pacific Research Institute Senior Fellow for Business and Economics Wayne Winegarden in an interview with The Center ...
Business & Economics

Read an analysis of the 2024-25 CA proposed budget

Gov. Newsom’s proposed budget fails the moment

Governor Gavin Newsom is wrong. His proposed budget is not “resilient;” it demonstrates an inability to learn the lessons from California’s volatile budget history. The crippling deficit is merely one manifestation of the broader crisis. Newsom estimates a $37.9 billion deficit, about one-half of the nonpartisan Legislative Analyst Office’s (LAO) ...
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