The structural deficit afflicting California's budget is fueling preliminary cogitating over a tax increase of some kind, which would probably have to be ratified by voters this decade.
California is the only state that doesn’t allow any tax exemptions on military retirement income. New bills aim to do that, but analysts say the financial incentive may be too small to get veterans to stay in California.
President Donald Trump and Congress may toss a federal cap on how much people deduct for local and state taxes. If so, California's rich could enjoy a big tax cut.
Gov. Newsom just bought a $9 million house in Marin County, but his sources of income haven’t been made public recently. He had pledged to release his tax returns.
Under then-President Donald Trump a popular federal income tax deduction was capped at $10,000 a year, costing Californians thousands of dollars. Now he's ready to cut the cap.
Los políticos de California se han negado rotundamente a lidiar con los ingresos volátiles que plagan el presupuesto estatal. Ahora enfrentan un enorme déficit de $68 mil millones.
Mientras muchos esperan para ver cómo el gobernador Gavin Newsom maneja cientos de proyectos de ley en su escritorio, otros esperan la inminente fecha límite de presentación de declaraciones de impuestos para ver si el estado enfrentará otro déficit multimillonario.
California ha experimentado crecimiento poblacional y económico durante prácticamente todos sus 173 años de historia, pero ahora puede estar enfrentando un estancamiento prolongado.