Entrepreneurship
Business & Economics
The Pillage People Ride Again
On November 1 California began withholding 10 percent more from workers’ paychecks than the government already takes. This money grab, bad enough on its own terms, is a sign that the state has missed an opportunity to modernize the tax system and provide more stable revenue. Those were the tasks ...
Business & Economics
Taxing consumption, not income
Clemens is director of research and Murphy is a senior fellow with the Pacific Research Institute. They are co-authors of the California Prosperity Project series of studies. Commission recommends changes to make state revenue less volatile The report by the state Commission on the 21st Century Economy, delivered Tuesday after ...
Business & Economics
State Commission Recommends Tax Reforms for a New Century
The Commission on the 21st Century Economy, tasked by the governor to modernize the state’s tax system and stabilize revenues, finally delivered its report this week. The main recommendations are to eliminate the state sales tax and corporate income tax and replace them with a new “net receipts tax” on ...
Business & Economics
Poizner says he’ll increase state revenue by cutting California’s tax rates
Despite projections that the next governor will inherit multibillion-dollar deficits, Republican gubernatorial candidate Steve Poizner on Tuesday promised to slash taxes on personal income, corporations and sales. Poizner said that as part of his “Jobs Plan,” he would reduce those rates by one-tenth, as well as cut capital gains taxes ...
Agriculture
Labor Day fix: cut taxes, spending, regulation
For Californians, this Labor Day may not be a cause for celebration. The federal government recently reported that the state’s unemployment rate reached 11.9 percent in July, its highest level in more than four decades. Many have blamed the ailing national economy for these dismal jobs numbers. Although there is ...
Business & Economics
Think tank pans Connecticut
An enviable performance during the recession notwithstanding, a new study puts Connecticut among the bottom feeders nationally for its economic performance leading up to this year. The data do not include information from 2009 during the worst of the recession, and that fact is reflected in the top-ranked state being ...
Business & Economics
The California Prosperity Project – Assessing California’s economic performance
From Senator George Runner From the start, California has enjoyed unique natural economic advantages over other states, from its regional location and deep sea ports to its temperate weather and year-round fertile agricultural land. Our world class university system, cutting edge research and development centers, and an ample, willing and ...
Business & Economics
California is getting left in the dust
EVEN during an economic meltdown of the proportions being suffered now, base politicking doesn’t stop in California. When asked why Golden State finances have been doing so badly, officials are quick to point to the national recession, claiming it has slowed down local industry and decreased the amount of revenue ...
Business & Economics
Study: Colorado 11th in state ‘economic performance’
Colorado ranks 11th best among the states in an evaluation of economic performance by the Pacific Research Institute, a free-market think tank. The report, issued Tuesday, rates the states using a variety of yardsticks, including gross domestic product, disposable income, private-sector job growth, the poverty and unemployment rates, and in- ...
Business & Economics
Labor Day in California: Not Much to Celebrate
Californians work hard and Labor Day will provide them with a much needed break. The festivities, however, should not overshadow a disturbing reality. Nowhere are California’s economic problems more serious than in our labor market. The best known and perhaps most watched labor statistic is the unemployment rate. California’s unemployment ...
The Pillage People Ride Again
On November 1 California began withholding 10 percent more from workers’ paychecks than the government already takes. This money grab, bad enough on its own terms, is a sign that the state has missed an opportunity to modernize the tax system and provide more stable revenue. Those were the tasks ...
Taxing consumption, not income
Clemens is director of research and Murphy is a senior fellow with the Pacific Research Institute. They are co-authors of the California Prosperity Project series of studies. Commission recommends changes to make state revenue less volatile The report by the state Commission on the 21st Century Economy, delivered Tuesday after ...
State Commission Recommends Tax Reforms for a New Century
The Commission on the 21st Century Economy, tasked by the governor to modernize the state’s tax system and stabilize revenues, finally delivered its report this week. The main recommendations are to eliminate the state sales tax and corporate income tax and replace them with a new “net receipts tax” on ...
Poizner says he’ll increase state revenue by cutting California’s tax rates
Despite projections that the next governor will inherit multibillion-dollar deficits, Republican gubernatorial candidate Steve Poizner on Tuesday promised to slash taxes on personal income, corporations and sales. Poizner said that as part of his “Jobs Plan,” he would reduce those rates by one-tenth, as well as cut capital gains taxes ...
Labor Day fix: cut taxes, spending, regulation
For Californians, this Labor Day may not be a cause for celebration. The federal government recently reported that the state’s unemployment rate reached 11.9 percent in July, its highest level in more than four decades. Many have blamed the ailing national economy for these dismal jobs numbers. Although there is ...
Think tank pans Connecticut
An enviable performance during the recession notwithstanding, a new study puts Connecticut among the bottom feeders nationally for its economic performance leading up to this year. The data do not include information from 2009 during the worst of the recession, and that fact is reflected in the top-ranked state being ...
The California Prosperity Project – Assessing California’s economic performance
From Senator George Runner From the start, California has enjoyed unique natural economic advantages over other states, from its regional location and deep sea ports to its temperate weather and year-round fertile agricultural land. Our world class university system, cutting edge research and development centers, and an ample, willing and ...
California is getting left in the dust
EVEN during an economic meltdown of the proportions being suffered now, base politicking doesn’t stop in California. When asked why Golden State finances have been doing so badly, officials are quick to point to the national recession, claiming it has slowed down local industry and decreased the amount of revenue ...
Study: Colorado 11th in state ‘economic performance’
Colorado ranks 11th best among the states in an evaluation of economic performance by the Pacific Research Institute, a free-market think tank. The report, issued Tuesday, rates the states using a variety of yardsticks, including gross domestic product, disposable income, private-sector job growth, the poverty and unemployment rates, and in- ...
Labor Day in California: Not Much to Celebrate
Californians work hard and Labor Day will provide them with a much needed break. The festivities, however, should not overshadow a disturbing reality. Nowhere are California’s economic problems more serious than in our labor market. The best known and perhaps most watched labor statistic is the unemployment rate. California’s unemployment ...
