When it comes to taxes, Sacramento politicians always want the same old thing: more.
Gov. Gavin Newsom speaks at at the 2022 California Economic Summit. This year’s event is set for Wednesday, Oct. 11, to Friday, Oct. 13, 2023, in Indian Wells. If you believe that California’s toughest problems could be solved if the state and local governments simply had more taxpayer money, then you’ll love the approach embraced by Gov. Gavin Newsom and the Democratic legislative supermajority. If they. Last year, it had a $97.5-billion surplus.
Even more nefarious is Assembly Constitutional Amendment 13. It is a pre-emptive strike against a November 2024 initiative backed by taxpayer and business groups, called the. TPA offers two important reforms. It requires statewide voter approval for any new state tax-raising measures. It requires two-thirds approval of local “special taxes,” but keeps the simple majority rule in place for general taxes.
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