For Thrive, the Alliance for Nonprofits for San Mateo County’s “Tax Time Matters,” Senior Policy Analyst Sara Kimberlin presented on how the California Earned Income Tax Credit (CalEITC) boosts economic security for low-income workers and the Governor’s proposal to significantly expand the credit in the 2019-20 state budget.
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Data Hit
California is Estimated to Spend Over $9 Billion on Tax Breaks for Corporations
Millions of Californians are struggling to make ends meet and the affordability crisis continues to drive up the cost of basic necessities like groceries and rent. Simultaneously, the 2025 Republican megabill — H.R.1 — is further straining the budgets of low-income households, by making unprecedented cuts to health care and food assistance, and giving out … ContinuedSafety NetTaxes & Revenue -
5Facts
5 Facts to Know About Corporate Taxes in California
Large profitable corporations in California have several strategies to avoid paying more than the minimum $800 state tax, costing the state billions in lost revenue each year. State leaders can take steps to reduce corporate tax breaks to better invest in the health and well-being of all Californians.Taxes & Revenue
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