This month Governor Gavin Newsom signed California’s $262 billion dollar budget into law, a nearly $60 billion dollar increase from the previous fiscal year. Flush with extra cash, Governor Newsom and the legislature created one of California’s most ambitious budgets in recent years. This year’s budget will deliver a public school version of preschool along with free school lunches, expand state-funded healthcare to undocumented immigrants, … Continue reading California’s Ambitious Budget Proposals Shouldn’t be a Bargaining Chip
The Patriotic Millionaires of California are proud to support California’s AB-71, Bring California Home Act, which would tax the wealthiest corporations in order to address and solve the out-of-control inequality that has led to the alarming number of individuals facing homelessness in our great state. To solve our homelessness crisis AB 71 proposes taxing California’s wealthiest multinational corporation’s Global Intangible Low Taxed Income (GILTI) to … Continue reading California Chapter Supports Assembly Bill 71
California is in crisis. From wildfires, to blackouts, to the deadliest month of the COVID pandemic, disasters of every kind are wreaking havoc across the state. Now with the state facing a $54 billion dollar deficit, due to the economic ramifications of COVID, massive cuts to critical public programs are slated to go into effect come October. That’s only going to make a bad problem … Continue reading Instead of taxing the rich, the California legislature jumped ship
A year ago, in a time before the Coronavirus upended our economy and made taxing the rich more urgent than ever before, the idea of a wealth tax was all the rage in the 2020 Democratic presidential debates. First introduced by Senator Elizabeth Warren (D-MA), a wealth tax would go miles towards curbing our country’s inequality by laser-targeting extreme wealth held by the likes of … Continue reading In Wealth Tax, California Looks Toward the Future
Today, the Patriotic Millionaires of California are proud to officially endorse the Schools and Communities (SCF) Ballot Measure for the upcoming 2020 election in California. For nearly four decades large corporations and businesses in California have avoided paying their fair share, causing our localities to be drastically underfunded and our schools to fall behind. California is the wealthiest state in the country, but we rank … Continue reading California Patriotic Millionaires Endorse Schools and Communities First Ballot Measure
California residents are being held hostage, and local cities are paying their ransom. The culprits? Wealthy corporations.
This year is the 25th anniversary of the Family and Medical Leave Act (FMLA), which enables qualifying employees to take unpaid but protected leaves from their workplace. While this was a good start, in the years since, paid leave legislation at the federal level has stalled and women have paid the price. Luckily, California has decided to do something about this. As of January 1 … Continue reading Best Fringe Benefit: Caregiver Paid Leave