(Sacramento, CA) — California has a budget surplus of about 45-point-seven-billion dollars. That’s according to Governor Gavin Newsom’s January projection. However, that isn’t stopping lawmakers from proposing legislation to raise taxes and fees by 190-billion dollars. One Assembly Bill would make California the only state to impose a wealth tax on art, retirement funds, stocks and other assets. Another bill included a carbon tax, and a third bill called for payroll tax and a personal tax increase for those who make over 149-thousand dollars. A California Tax Foundation report released the 190-billion-dollar findings earlier this month.
If you made a couple of bucks, the insatiable California pols, want to take it from you. No wonder people are fleeing.
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