Make Your Voice Heard on Capitol Hill
A recent episode of the Radio Free California podcast features an in-depth discussion with Hoover Institution researchers Josh Rauh and Ben Jaros on California’s proposed billionaire wealth tax and the unintended consequences they believe it could trigger. Beginning at the 1:05:30 mark, they explore new research suggesting the measure could accelerate the departure of high-income taxpayers, potentially reducing long-term state revenues rather than increasing them.
What the Latest Research Reveals? Click Here.
In a related op-ed, Hoover Policy Fellow Jon Hartley argues that California’s latest budget proposal fails to address deeper structural fiscal challenges. He contends that reliance on a small number of high-income taxpayers, rising spending obligations, and unresolved liabilities leave the state’s finances vulnerable, particularly as policymakers debate the proposed wealth tax.
Read What Experts Say Comes Next. Click Here.
Want to learn more?
We hope you've enjoyed this article. While you're here, we have a small favor to ask...
As we prepare for what promises to be a pivotal year for America, we're asking you to consider becoming a member.
The need for fact-based reporting of issues important to family owned businesses and protecting a lifetime of savings has never been greater. Now more than ever, successful families and family owned businesses are under fire. That's why Family Enterprise USA is passionately working to increase the awareness of issues important to family owned businesses built on hard work, while continuing to strengthen our presence on Capitol Hill. The issues we fight for or against with Congress in Washington DC include high income tax rates, possible elimination of valuation discounts, increase in capital gains tax, enactment of a wealth tax, and the continued burden of the gift tax, estate tax and generation skipping tax.
Family Enterprise USA promotes generationally owned family business creation, growth, viability, and sustainability by advocating for family businesses and their lifetime of savings with Congress in Washington DC. Since 2007, Family Enterprise USA has represented and celebrated all sizes, professions and industries of family-owned enterprises and multi-generational employers. It is a bi-partisan 501.c3 organization. Family foundations can donate.