$373.4 Billion a Year in Higher Taxes and Fees Proposed In 2017 Legislative Session

Democrats LOVE taxes.  In the first six months of 2017 they proposed $373.4 BILLION worth of NEW taxes.  That is not a typo—that is from the CalTax Foundation.  Any wonder businesses and families are fleeing the State?  Left behind are the very rich, the very poor, the illegal aliens and those that do not know how to leave or do not want to leave family.

California is headings into a recession—Ventura County is already in a recession according to a study by economists at California Lutheran University.

““The $373.4 billion cumulative cost of proposals introduced in 2017 is the highest amount identified since we began publishing Tax Watch in 2015,” California Tax Foundation Director Robert Gutierrez said. “To put this number in context, it is nearly $200 billion per year more than the total amount of taxes and fees currently collected by the state government.”

Think you can afford to go to dinner and a movie?  Sacramento needs that money.

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$373.4 Billion a Year in Higher Taxes and Fees Proposed In 2017 Legislative Session

CalTax Foundation, 10/18/17

SACRAMENTO – California state lawmakers this year proposed $373.4 billion in higher annual taxes and fees, the nonpartisan California Tax Foundation reported today.

 

“The $373.4 billion cumulative cost of proposals introduced in 2017 is the highest amount identified since we began publishing Tax Watch in 2015,” California Tax Foundation Director Robert Gutierrez said. “To put this number in context, it is nearly $200 billion per year more than the total amount of taxes and fees currently collected by the state government.”

The Foundation’s Tax Watch report identifies all tax and fee proposals introduced during the first year of the 2017-18 legislative session, with information on which measures were signed into law, which failed, and which remain alive for possible consideration when the Legislature reconvenes next year.

The three proposals with the largest impact on taxpayers:

  • SB 562, which would increase taxes by $200 billion annually to pay for a single-payer healthcare system where all costs are paid by the State of California.
  • SB 640, a $122.63 billion sales tax on services.
  • ACA 2 , an $8.65 billion tax on groceries, snacks and candy.

The California Tax Foundation, a nonprofit research organization founded by the California Taxpayers Association in 1980, reviewed every bill introduced or amended between December 5, 2016, and September 15, 2017, for tax- and fee-related provisions. Under Proposition 26, a tax is defined as any levy or exaction that results in a taxpayer paying a higher tax, including any unreasonable or excessive fee.

The report notes whether the proposals died in the Legislature or were sent to the governor, and whether the governor signed or vetoed those that reached his desk.

 

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About Stephen Frank

Stephen Frank is the publisher and editor of California Political News and Views. He speaks all over California and appears as a guest on several radio shows each week. He has also served as a guest host on radio talk shows. He is a fulltime political consultant.