Director of Research Scott Graves spoke about the implications of various health policy proposals in the 2019-20 state budget proposal, including plans to expand coverage and help boost the affordability of insurance purchased through the individual market, for the USC Center for Health Journalism’s Collaborative Gathering.
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Fact Sheet
Corporations Pay Far Less of Their California Income in State Taxes than a Generation Ago
Calling California home means sharing in the responsibility of creating strong communities. Yet, corporations are contributing roughly half as much of their California profits in state taxes than four decades ago. In the early 1980s, corporations that reported profits in California paid more than 9.5% of this income in state corporation taxes. In contrast, corporations … ContinuedTaxes & Revenue -
Fact Sheet
California Loses Nearly $70 Billion Annually Through Tax Breaks
California will lose an estimated $69.2 billion in state General Fund revenues in 2021-22 to personal and corporate income tax breaks — or “tax expenditures.” Many of the state’s largest tax breaks primarily benefit higher-income households and businesses, while just a fraction of the state’s tax … ContinuedTaxes & Revenue
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