Taxes

Remember the Golden State stimulus checks? Well, more might be landing in your bank account in the near future. That’s because California is — once again — overflowing with money, and will likely have a $31 billion budget surplus next year, according to a Wednesday report from the independent Legislative Analyst’s Office. And because the […]

California Gov. Gavin Newsom and Democrats pushed a rule requiring recall candidates to disclose five years of tax returns. What will candidates do?

Gov. Gavin Newsom and First Partner Jennifer Siebel Newsom made $1.7 million and paid $712,000 in state and federal taxes in 2019. His campaign says state law requires recall challengers to release their returns.

Significant tax increases proposed in the Legislature would make California less competitive when seeking to attract jobs and investments.

A study finds people who didn’t file tax returns in the last three years could be missing out on federal and state stimulus dollars. But they still have a chance to claim some assistance ahead of the May 17 tax deadline.

A tax on extreme wealth is a priority because California’s long-neglected needs have extreme consequences for hard-working families.

Good morning, California! It’s Monday, April 5. I’m CalMatters politics reporter Ben Christopher, filling in for Emily Hoeven, who is enjoying a much-deserved week off. A “gold rush” amid the calamity This much is not news: California’s Employment Development Department, the state agency responsible for shelling out unemployment claims to millions of jobless Californians, is still […]

The state went deep into debt to keep jobless benefits flowing during the pandemic. And if it doesn’t fix its $48 billion unemployment problem, that could derail COVID-19 recovery.

Rather than a wealth tax, we should build on these successful strategies that create jobs and support working families.

Lawmakers should focus on jobs and growth, rather than pursuing a damaging and unnecessary tax hike with Assembly Bill 71.