capital gains tax


California Shock: Gov. Jerry Brown Opposes Union Ballot Initiatives

Governor Jerry Brown shocked Sacramento on January 8 when he announced his opposition to two November union-backed ballot initiatives that would sell a $9 billion school construction bond and extend Proposition 30 tax surcharges on the wealthy.

The Associated Press

Stock Crash Would Create Budget Crisis for California

With the “one percent” paying more than 50 percent of state taxes, a sustained stock market crash would shrivel California’s “one-time” capital gains taxes and throw the Golden State back into a financial crisis.

global warming

Jerry Brown to Spend Surplus Funds on Schools

Gov. Jerry Brown will release his updated budget on Thursday, and in light of the Golden State’s $3 billion-plus surplus, Brown is expected to suggest an increase in spending on public schools and community colleges . He is also expected to ask that more funds be set aside for the state’s savings or “rainy day” fund.