wealth tax – California Globe

Legislative Analyst and Gov. Newsom Still Disagree on Budget Deficit and Solutions

May 20, 2024 7:51 amMay 20, 2024 7:51 am

The Legislative Analyst’s Office updated spending plan in Gov. Newsom’s revised budget shows a $55 billion budget deficit as opposed to the $27.6 billion figure Newsom presented last week, according to the Legislative Analyst’s Office. The LAO released its latest...

Will Gov. Gavin Newsom Face a Reckoning with His $73B Deficit in the $330 Billion Budget?

April 9, 2024 12:00 pmApril 10, 2024 7:44 am

When are budget cuts not really budget cuts? When they are in Gov. Gavin Newsom’s budget. California has a budget deficit of $73 billion, the Legislative Analyst’s Office reports. Gov. Newsom claimed the budget deficit was only $30 billion in...

Gov. Gavin Newsom Disappears $30 Billion of the Deficit in New Budget

January 10, 2024 1:47 pmJanuary 10, 2024 1:47 pm

Where did $30 billion of California’s budget deficit go? California Governor Gavin Newsom put on quite a budget show this morning, feigning indignation over the Legislative Analyst’s Office’s recent update on the state’s actual budget deficit, which the LAO put...

Music Icon David Foster’s Daughters Declare ‘Hate’ for Gov. Gavin Newsom

September 22, 2023 8:22 amSeptember 22, 2023 8:27 am

The New York Post reports that Music icon David Foster’s daughters declared their “hate” for Gov. Gavin Newsom this week, blaming the Democrat for the state’s deteriorating quality of life — and wondering whether his goal is to have California “be...

California Legislature’s Race to Marxism: 2023 Proposed Legislation Reveals Hard Left Turn

April 10, 2023 2:47 pmApril 12, 2023 7:15 am

A review of the 2023 legislation proposed by California lawmakers exposes what is really happening in California – the rise and rule of Marxism in the once Golden State. According to Karl Marx, the Marxist revolution would be led by...

Gov. Gavin Newsom Announces Opposition to Wealth Tax Proposal

February 18, 2023 9:18 amFebruary 18, 2023 9:18 am

Governor Gavin Newsom announced his opposition to the AB 259 by Assemblyman Alex Lee (D-Silicon Valley), the wealth tax bill earlier this week, cementing that the bill would ultimately not be passed this year even if passed by both the Assembly...

New Wealth Tax Introduced in California

January 21, 2023 8:08 am

On January 19, a new wealth tax was introduced in the California Legislature. Assembly Constitutional Amendment (ACA) 3 was introduced by Assemblyman Alex Lee (D-Palo Alto), along with co-authors Assembly Members Ash Kalra, Wendy Carrillo, Matt Haney, Corey Jackson, Liz...