Tag: California income tax
Former San Diego Mayor, Recall Candidate Kevin Faulconer Proposes 0% Marginal Income Tax Rate
Former San Diego Mayor and recall candidate for Governor Kevin Faulconer announced a proposal on Wednesday to drastically cut the state income tax in California. Speaking at a campaign event in the LA suburb of Downey, Faulconer proposed an end...
Deja Vu: Another Wealth Tax Bill Introduced in Assembly to Combat Homelessness
A new bill was introduced in the Assembly this week that would simultaneously increase corporate taxes, raise income taxes on citizens making over $1 million a year, and eliminate corporate tax “loopholes.” Assembly Bill 71, jointly authored by Assembly members...