California’s proposed wealth tax could raise $100 billion even if every billionaire leaves the state
California’s proposed, one-time billionaire wealth tax has its fair share of critics. From the ultra-rich Californians who have…
California tax revenue growing from AI boomlet, but will it last?
Gov. Gavin Newsom addresses the media during a news conference unveiling his revised 2025-26 budget proposal at the…
AI Stock Gains Boost California Revenue by $11 Billion
A surge in artificial intelligence stock prices has boosted California’s tax collections by about $11 billion, yet the…
Newsom Vetoes California Finance Tool to Rebuild Fire-Hit Homes
California Gov. Gavin Newsom (D) vetoed Monday a bill that sought to create a new financing tool to…