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Japanese Investment in the U.S.: Creating Jobs and Narrowing the Trade Deficit

Japanese Investment in the U.S.: Creating Jobs and Narrowing the Trade Deficit
heritage.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from heritage.org Daily Mail and Mail on Sunday newspapers.

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Dan Walters: Is corporate tax hike too hot to handle?


Assembly Bill 71 is one of the year’s most contentious pieces of legislation — a hefty increase in corporate and personal income taxes to finance new efforts to end homelessness.
Assemblywoman Luz Rivas, an Arleta Democrat, is carrying the bill with backing from dozens of left-of-center social service organizations.
“Now is the time to take big, bold steps in addressing the number one policy issue Californians stress they want the Legislature to take action on,” Rivas said after the Assembly Revenue and Taxation Committee approved AB 71 last week. “Rural and urban local governments throughout the state need this financial support immediately to prevent this current crisis from becoming a full-blown catastrophe.” ....

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Tax Commission will issue consensus report


1. Restructure the homestead education tax
2. Broaden the sales tax base
3. Modernize income tax features
4. Undertake analysis in order to eliminate tax burden/benefit cliffs
5. Improve administration of property tax
6. Create a comprehensive telecommunications tax
7. Utilize tax policy to address climate change
8. Collaborate with other states so each state can build a fairer, more sustainable tax system
Recommendation 1: Restructure the Homestead Education Tax
Key components:
A. Eliminate the Property Tax Credit
B. Eliminate the homestead education property tax, and implement income-based education tax for all residents (owners and renters) with rate tied to locally voted budgets.
C. Levy the non-homestead education property tax on all property except the residence and 2-acre site. ....

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