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Taxes and Regulations

Stop Dissin’ the Housing Market—Set it Free!

July 11, 2017
By: Christopher Thornberg, PhD

High housing costs continue to be at the center of policy debates in Los Angeles—and across much of the state.

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Taxing Services: A Step In The Right Direction

January 21, 2015
By: Dustin Schrader

EDITOR'S NOTE: This post was co-authored by Christopher Thornberg

Much noise has been made over the years about California’s unfriendly tax environment. But an ongoing mantra at Beacon Economics is that California is not so much a ‘high’ tax state as a ‘dumb’ tax state.

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What’s So Bad About Inequality? A Lot, Actually

February 10, 2014
By: Christopher Thornberg, PhD

Wealth and income inequality has been in the news a lot this past week. Why an issue that has been a growing problem for so long has suddenly become the topic du jour in Washington DC is unclear to me—but I am glad it is finally rearing its head so publicly. 

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Finally… CEQA Reform Gaining Traction

July 31, 2013
By: Vedran Kaluderovic

Although long overdue, moves to reform the California Environmental Quality Act (CEQA) are finally gaining traction among lawmakers on both sides of the aisle.

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Prop 13: Silencing The Messenger? Not A Chance

May 03, 2013
By: Christopher Thornberg, PhD

Beacon Economics was surprised recently when a speech I was scheduled to give was cancelled a couple of weeks before the event. We later learned that my talk was called off because at least one or two of the organizers were upset about my opinions on Proposition 13.

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The Worst of Both Worlds: Understanding Why Prop 39 Is The Right Way To Go

September 29, 2012
By: Christopher Thornberg, PhD

This November, as usual, California voters will face a slew of state propositions at the ballot box. One deserves a closer look and, we believe, should be passed. Prop. 39 would change the current system that allows inter-state corporations a choice in how they calculate their liability for California corporate taxes. If passed into law, Prop 39 would enact a system where a company's income tax liability would be based solely on its sales in California. And then for the first five years, about half of the estimated $1 billion in additional annual revenue would be dedicated to energy-efficient projects at schools and other public buildings.

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California with Prop 13: A State of Fear Mongering

April 05, 2012
By: Christopher Thornberg, PhD

Jon Coupal’s new op-ed in the Orange County Register is an understandable response by the President of the Howard Jarvis Taxpayers Association to what is starting to happen in California: The growing recognition that Prop 13 was a terrible idea that has had far more negative consequences for the state’s economy than positive – and that it needs to go.

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Prop 13: It’s Time To Stop Being Railroaded by the Third Rail

March 21, 2012
By: Christopher Thornberg, PhD

I was recently invited to Sacramento to testify in front of the California Assembly Revenue and Taxation Committee about tax reform in the state – specifically Prop 13, the limitation on property tax increases enjoyed by current property owners.

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Jerry Brown Tax Proposal Has Some Merit… But Why Not Implement Real Fixes?

January 18, 2012
By: Christopher Thornberg, PhD

Governor Jerry Brown recently announced a plan to fix California’s budget issues by raising income taxes on high-income earners and increasing the state sales tax. These measures will be presented directly to voters in an initiative on the November ballot. And the rhetoric on both sides will surely be theatrical.

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Tax Cuts Are Not The Answer

September 28, 2011
By: Christopher Thornberg, PhD

Cuts in public spending and tax cuts for individuals at any level of income are not going to cure what currently ails the U.S. economy.

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