CALMatters: California has a giant surplus—of ideas for new taxes. What’s up with that?
California is enjoying a projected $21.4 billion surplus. Three-quarters of the state believes any new revenue increase should be for voters to decide.
By population and percentage of personal income, this state already has the nation’s 10th highest tax burden. And the leader of the California Senate, Pro Tem Toni Atkins, has pointedly cautioned against any more levies that take cash out of the pockets of working families.
In short, California lawmakers needn’t look far for an excuse to avoid raising taxes. Whether Atkins’ fellow Democrats got the memo, however, isn’t clear.
Proposals this legislative cycle alone have included—so far—a soda tax to fight obesity, a tire change tax for stormwater cleanup and a drinking water tax to clean up toxic wells. Also a firearms excise tax, an oil and gas severance tax, and a fee on dialysis centers. Also an increase in lead-acid battery fees.
The excerpt above is from "California has a giant surplus—of ideas for new taxes. What’s up with that?", published by our friends at CALmatters, a nonpartisan, nonprofit journalism venture committed to explaining how California’s state Capitol works and why it matters. Subscribe today to keep up to date on emerging issues that impact all Californians.