California Mulls More Job Killer Bills, Major Tax Hikes Wednesday, April 14, 2021
Last week, New York announced new tax increases that will subject certain of its residents to higher personal income tax rates than even Californians pay. Before the pages on that bill had cooled, the California legislature was well on its way to showing it would not relinquish its top-of-the-heap status without a fight by proposing a new “wealth tax” on California residents.
In response, the California Chamber of Commerce added the following four bills to its annual list of Job Killer bills.
Here are the fresh additions:
ACA-8 (Lee; D-San Jose) New Wealth Tax – Would amend the California Constitution to allow a tax on “extreme wealth” granting the Legislature authority to tax
California Mulls More Job Killer Bills, Major Tax Hikes - Tax
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