More Jobs Not Taxes
Fact Sheet
Californians Against Higher Taxes – a coalition of small businesses, taxpayer organizations, consumers and large employers – believes higher taxes will further hurt California’s struggling economy.
Instead of raising taxes, the state should be focused on encouraging California businesses to grow and create more jobs. Yet the drumbeat for new and higher taxes is unending. This year proposals have already included specific taxes targeting products or industries, calls for an increase on income taxes for businesses, higher income taxes on individuals, higher property taxes for businesses and higher sales/use/excise taxes for services and products.
Despite California’s dire economic circumstances, politicians continue to propose new taxes that will cost Californians billions! Some of the tax-hike legislation currently under consideration includes:
• SB 653 (Steinberg) – would open the floodgates to higher taxes by allowing more than 1,000 school districts and all 58 counties to impose new taxes on income, sales, and products – just about anything the politicians can think of. SB 653 would give virtually all of the state taxation authority to the local level and the legislation only requires a majority vote by the Legislature for passage and the signature of the Governor to become effective.
SB 653 would also allow these local governments to exploit a loophole so new or higher taxes could be enacted with a majority public vote rather than the current two-thirds vote required for special taxes.
• 448 (Ammiano) - includes split roll language that would result in commercial property paying more in taxes than residential property on a dollar for dollar basis. This would essentially negate Prop. 13’s protections on commercial property and negatively impact both large and small businesses and consumers in California by raising billions of dollars in new taxes.
• AB 1326 (Furutani) - proposes an oil severance tax of 12.5% on oil production in California. The passage of this bill would cause the loss of 10,000 California jobs, adding to our record high unemployment of 12 percent. The reality of such a proposal would be significant, resulting in lost jobs, higher gasoline prices , and reduced revenues for education and public health.
• AB 669 (Monning) – a proposal which would impose a $0.01 per fluid ounce tax on bottled sweetened beverages. This bill would result in small business and consumers taking on an additional tax burden and would threaten thousands of California jobs.
These are just some examples of the threats we have seen in 2011 and as long as the Legislature and the
Governor continue to struggle to come to an agreement on how to close the deficit, these threats will
only become more aggressive and cannot be taken lightly.
Raising taxes to fund out-of-control spending will hurt consumers, families and businesses and cost
more jobs.
• Taxing every day goods and products will hurt cash-strapped families who are already struggling
in today’s economic conditions.
• As the state continues to raise taxes on business, it will place them at a competitive
disadvantage to companies in other states and result in fewer jobs for Californians and less
revenue for our state.
• More taxes on our best employers and businesses will only make our economy worse, causing
even more layoffs and less revenue for critical services such as education and public safety.
It is time the Legislature does what most California families have been forced to do – rein in spending
and waste and live within their means.
More taxes won’t solve the state budget crisis – they will only hurt California families, destroy jobs
and stifle our economic recovery.
Californians Against Higher Taxes – a coalition of small businesses, taxpayer organizations, consumers and large employers – believes higher taxes will further hurt California’s struggling economy.
Instead of raising taxes, the state should be focused on encouraging California businesses to grow and create more jobs. Yet the drumbeat for new and higher taxes is unending. This year proposals have already included specific taxes targeting products or industries, calls for an increase on income taxes for businesses, higher income taxes on individuals, higher property taxes for businesses and higher sales/use/excise taxes for services and products.
Despite California’s dire economic circumstances, politicians continue to propose new taxes that will cost Californians billions! Some of the tax-hike legislation currently under consideration includes:
• SB 653 (Steinberg) – would open the floodgates to higher taxes by allowing more than 1,000 school districts and all 58 counties to impose new taxes on income, sales, and products – just about anything the politicians can think of. SB 653 would give virtually all of the state taxation authority to the local level and the legislation only requires a majority vote by the Legislature for passage and the signature of the Governor to become effective.
SB 653 would also allow these local governments to exploit a loophole so new or higher taxes could be enacted with a majority public vote rather than the current two-thirds vote required for special taxes.
• 448 (Ammiano) - includes split roll language that would result in commercial property paying more in taxes than residential property on a dollar for dollar basis. This would essentially negate Prop. 13’s protections on commercial property and negatively impact both large and small businesses and consumers in California by raising billions of dollars in new taxes.
• AB 1326 (Furutani) - proposes an oil severance tax of 12.5% on oil production in California. The passage of this bill would cause the loss of 10,000 California jobs, adding to our record high unemployment of 12 percent. The reality of such a proposal would be significant, resulting in lost jobs, higher gasoline prices , and reduced revenues for education and public health.
• AB 669 (Monning) – a proposal which would impose a $0.01 per fluid ounce tax on bottled sweetened beverages. This bill would result in small business and consumers taking on an additional tax burden and would threaten thousands of California jobs.
These are just some examples of the threats we have seen in 2011 and as long as the Legislature and the
Governor continue to struggle to come to an agreement on how to close the deficit, these threats will
only become more aggressive and cannot be taken lightly.
Raising taxes to fund out-of-control spending will hurt consumers, families and businesses and cost
more jobs.
• Taxing every day goods and products will hurt cash-strapped families who are already struggling
in today’s economic conditions.
• As the state continues to raise taxes on business, it will place them at a competitive
disadvantage to companies in other states and result in fewer jobs for Californians and less
revenue for our state.
• More taxes on our best employers and businesses will only make our economy worse, causing
even more layoffs and less revenue for critical services such as education and public safety.
It is time the Legislature does what most California families have been forced to do – rein in spending
and waste and live within their means.
More taxes won’t solve the state budget crisis – they will only hurt California families, destroy jobs
and stifle our economic recovery.
Paid for by Californians Against Higher Taxes
111 Anza Blvd., Suite 406, Burlingame, CA 94010
Tel: 650/340-0470 Fax: 866/923-3788
www.MoreJobsNotTaxes.com info@MoreJobsNotTaxes.com
111 Anza Blvd., Suite 406, Burlingame, CA 94010
Tel: 650/340-0470 Fax: 866/923-3788
www.MoreJobsNotTaxes.com info@MoreJobsNotTaxes.com
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