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re: Will California elect another democrat governor next year?

Posted on 12/19/17 at 6:11 am to
Posted by BigAppleBucky
New York
Member since Jan 2014
1807 posts
Posted on 12/19/17 at 6:11 am to
Will the GOP Tax Bill Stall California's Economic Growth?

From the LA Times. California has been doing fairly well. The tax bill probably won't help much.

quote:

Since emerging from the Great Recession, California has outpaced the nation in job growth, adding 2.3 million new jobs, an increase of 15.5% since 2012, versus 10.3% for the U.S. overall. Home prices have also been booming, especially in Southern California and the Bay Area. The median home price in California stood at $512,800 in October, 68% higher than at the beginning of 2012 — nearly double the increase seen nationally.


quote:

Republicans have said that by slashing business taxes, they will supercharge the American economy, benefiting both C-suite executives and the average American. Economists generally expect a short-term boost to growth, though they doubt the cuts will be a game changer for either the larger economy or the typical worker.

But for California, there are particular challenges buried in the tax bill, and some economists believe that could ultimately prove a drag on growth and harm the state’s competitiveness.
Posted by BBONDS25
Member since Mar 2008
49572 posts
Posted on 12/19/17 at 6:13 am to
I thought libs liked the wealthy paying more. You telling me you want the rich California landowners to get tax breaks at the expense of the middle class?

The drag on the states competitiveness are their extraordinary tax rates. They want to blame the Feds for having 12 percent? Hilarious.
This post was edited on 12/19/17 at 6:14 am
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