East Bay Legislators Propose Tax Increase For Companies Netting Over $10MDemocratic East Bay lawmakers hope to address income inequality and fund education by increasing the tax rate by 2 percent on the top 0.2 percent of corporations that do business in California.
Supporters of S.F. Prop C Rally Outside Twitter HeadquartersSupporters of San Francisco's Proposition C rallied Thursday outside of tech giant Twitter's headquarters less than a week after the company's CEO, Jack Dorsey, blasted the measure on the social site.
California Lawmakers Reject Bill To Tie Corporate Tax Rate With CEO PayThe state Senate on Wednesday rejected a bill that sought to tie California's corporate tax rate to executive compensation in an effort to address the growing wealth gap.
California Bill Would Punish Companies With Large Wage GapsA California effort to lead a national debate over the growing wage gap between CEOs and average workers took its first step in the state Legislature on Thursday with support from Democratic lawmakers, organized labor and former U.S. Labor Secretary Robert Reich.
Calif. Republicans Denounce Gov. Brown’s Corporate Tax ProposalGovernor Jerry Brown wants California to adopt the same corporate tax policy that's worked in Texas, Massachusetts and most of the states, but Republicans have denounced the proposal as just another tax increase that will hurt businesses.